For this, NPCI International Payments Limited has partnered with Network International, a large digital commerce company in the Middle East and Africa.
Now Indian travelers or NRIs in UAE will make Unified Payment Interface (UPI) payments through QR codes through point of sale machines.
Ritesh Shukla, CEO, NPCI International, said the growing acceptance of UPI payments among UAE merchants will not only be convenient for Indian travellers, but will also promote innovative digital payment solutions internationally.
According to the NPCI release, "The number of Indian travelers to the Gulf Cooperation Council (GCC) is estimated to reach 98 lakh in 2024. About 53 lakh Indians are likely to visit the UAE alone."
The Government of India, the Reserve Bank of India (RBI) and NPCI International are working together to promote UPI on the global platform.
UPI is officially accepted in Nepal, Sri Lanka, Mauritius, UAE, Singapore, France and Bhutan.
According to NPCI data, the number of transactions on the UPI platform was 13.9 billion in June.
It has seen an increase of 49 percent on an annual basis.
During this period, the average number of transactions through UPI was 463 million per day and the average transaction value per day was Rs 66,903 crore.
The reason for the increase in UPI transactions is the linking of RuPay credit card with UPI and the launch of UPI in foreign countries also.
Now Indian travelers or NRIs in UAE will make Unified Payment Interface (UPI) payments through QR codes through point of sale machines.
Ritesh Shukla, CEO, NPCI International, said the growing acceptance of UPI payments among UAE merchants will not only be convenient for Indian travellers, but will also promote innovative digital payment solutions internationally.
According to the NPCI release, "The number of Indian travelers to the Gulf Cooperation Council (GCC) is estimated to reach 98 lakh in 2024. About 53 lakh Indians are likely to visit the UAE alone."
The Government of India, the Reserve Bank of India (RBI) and NPCI International are working together to promote UPI on the global platform.
UPI is officially accepted in Nepal, Sri Lanka, Mauritius, UAE, Singapore, France and Bhutan.
According to NPCI data, the number of transactions on the UPI platform was 13.9 billion in June.
It has seen an increase of 49 percent on an annual basis.
During this period, the average number of transactions through UPI was 463 million per day and the average transaction value per day was Rs 66,903 crore.
The reason for the increase in UPI transactions is the linking of RuPay credit card with UPI and the launch of UPI in foreign countries also.
