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Bloomberg Quint

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Image Credit: Bloomberg Quint

NPCI International Payments Expands UPI Acceptance To Boost Digital Payments

  • NPCI International Payments Ltd. is expanding Unified Payments Interface (UPI) acceptance in the UAE to boost digital payments and support a cashless economy.
  • The platform aims to enable UPI in high-frequency sectors like retail, hospitality, entertainment, transportation, and essential services by collaborating with regulators and acquirers.
  • The initiative supports the UAE's goal of achieving 90% digital transactions by 2026 and enhances payment experiences for Indian travelers visiting the UAE.
  • NPCI International's partnerships in the UAE with financial institutions and payment providers have facilitated QR-based UPI acceptance at outlets like Dubai Duty Free and Lulu Hypermarket.

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