NPCI’s NIPL announces usage of UPI at NEOPAY terminals across UAE

The international arm of the National Payment Corporation of India, NPCI International Payments Ltd (NIPL), declared last week that India's BHIM UPI can now be used at NEOPAY terminals all over the UAE. 

The international arm of the National Payment Corporation of India, NPCI International Payments Ltd (NIPL), declared last week that India’s BHIM UPI can now be used at NEOPAY terminals all over the UAE. 

This step came after Nepal had adopted the unified payment interface for digital transactions a month ago. 

Advertisement

NIPL stated that “This move will empower millions of Indians who travel to the UAE, to conveniently and safely make payments using BHIM UPI”.

To make the acceptance infrastructure across the UAE, the NEOPAY(the payment subsidiary of Mashreq bank) and NIPL decided to collaborate. 

Indian travellers to UAE can now make seamless transactions through BHIM UPI around NEOPAY enabled merchant stores and shops. 

For Indian tourists in the UAE, this collaboration will go a long way in changing the P2M payment experience. 

The statement further added that implementing BHIM UPI in the UAE is a step forward in providing a significant boost to online payments in the country. 

CEO of NIPL, Ritesh Shukla, while commenting on the tie-up, said, “NIPL is continuously working towards simplifying digital payments and driving digital public goods across the world with our cutting-edge solutions. We are committed to creating a vast global acceptance network for UPI to assure seamless user experiences regarding payments.”

Advertisement

Meanwhile, the CEO of NEOPAY, Vibhor Mundhada, said, “Our partnership with NIPL is further proof of our dedication to leveraging the latest cutting-edge technology to provide innovative payment solutions for our consumers and allow them to take full benefit of the thriving digital economy.”

The National Payments Corporation of India made an instant real-time payment system known as UPI to facilitate inter-bank payments.

The mobile-based transactions have become one of the most accessible forms of online payments. In the Economic year 2022 (FY22), UPI facilitated 45.6 billion transactions worth $1 trillion, making it the world’s best performing real-time payment eco-system.

Earlier this year, Bhutan also undertook a BHIM-UPI based payment service for online transactions, as per the government notification

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read More

St Kitts and Nevis: PM Terrance Drew addresses First Joint Senior Nurse meeting

 Dr Terrance Drew – The Prime Minister and Minister of Health of the Federation of St Kitts and Nevis, has expressed immense pride in attending the First Joint Senior Nurse Manager’s Meeting.

Dubai Police shares Facebook update regarding success story of International Drones Forum

Dubai Police recently organized an international forum on Drones to understand and tackle problems with the help of Drones.

PM Roosevelt Skerrit represents Dominica at EU-CELAC summit in Brussels

The Prime Minister of the Commonwealth of Dominica – Dr Roosevelt Skerrit, has recently landed in Brussels, Belgium, to attend the third edition of the EU-CELAC summit (European Union and Community of Latin American and Caribbean States).

Recent

Dubai’s 13-year-old ranks in A-level exams in Maths

A god-gifted teenager is challenging himself by sitting in exams a year ahead of schedule. Schoolboy secures A* in the A-level exams held in Dubai at just age 13.

Dubai Police captures 10 smugglers trying to bring 1,056kg of crystal meth in nation

Dubai Police, on Monday, 18 April, said that they had blocked attempts of smugglers to smuggle $18.7 million (Dh68.7 million) worth of crystal methamphetamine into the United Arab Emirates (UAE).

J&K: 3 healthcare institutions receive National Certifications for better facilities

A total of three prestigious healthcare institutions in Jammu and Kashmir have received National Certifications from the Union Ministry of Health and Family Welfare (MoHFW) under the supervision of ‘LaQashya Programme’.