UPI and PayNow agreement sets stage for CrossBorder transactions
NPCI International Payments Ltd, the global branch of Indias National Payment Corporation, is set to sign a memorandum of understanding MoU with Al Et
NPCI International Payments Ltd, the global branch of Indias National Payment Corporation, is set to sign a memorandum of understanding MoU with Al Etihad Payments in Abu Dhabi. This agreement, to be signed in the presence of Indias Commerce and Industry Minister Piyush Goyal during his visit to Abu Dhabi, will focus on developing a domestic card scheme in the UAE based on Indias RuPay debit and credit card technology. Goyal will also cochair the eleventh meeting of the IndiaUAE HighLevel Task Force on Investments and hold discussions with key figures from Mubadala, the UAEIndia Business Council, business leaders, and prominent food importers from the GCC. The UPI system has already been adopted by the UAE, Bhutan, and Nepal. Additionally, in 2023, UPI and Singapores PayNow established an agreement enabling crossborder transactions between the two countries.
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B2B Tech News | 2 months ago