NPCI International Payments Ltd (NIPL) has partnered with Mashreq Bank to launch the payment system facility of Unified Payments Interface (UPI), in the UAE. Mashreq Bank is the oldest privately owned bank in the United Arab Emirates. This step will benefit the Indian tourists and who travel to UAE for business or leisure purposes to pay for their purchases using UPI-based mobile applications across shops and merchant stores in the UAE.
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This partnership will enable over two million Indians who travel to UAE for business or leisure purposes every year to pay for their purchases seamlessly using UPI-based mobile applications across shops and merchant stores in the UAE.
Important takeaways for all competitive exams:
- National Payments Corporation of India MD & CEO: Dilip Asbe.
- National Payments Corporation of India Headquarters: Mumbai.
- National Payments Corporation of India Founded: 2008.
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