Categories: Banking

NPCI partners with Mashreq Bank to launch UPI in the UAE

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.