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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More Business News Here

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.

Recent Posts

Which Lake is known as the Jewel of Udaipur?

Did you know that one beautiful lake in Udaipur is lovingly called the “Jewel” of…

6 hours ago

Which is the Largest Banana Producing State in India?

Did you know that bananas are one of the most loved and widely eaten fruits…

8 hours ago

Shashi Tharoor Conferred Honorary D.Litt by St Xavier’s University, Kolkata

Lok Sabha MP Shashi Tharoor was conferred an honorary Doctor of Letters (D.Litt) degree by…

8 hours ago

Big Change at Rashtrapati Bhavan! Lutyens Statue to Be Replaced by C Rajagopalachari

Prime Minister Narendra Modi announced that the statue of British architect Edwin Lutyens at Rashtrapati…

8 hours ago

Punjab Launches ‘Meri Rasoi’ Scheme: Free Food Kits for 40 Lakh Poor Families Ahead of Budget Session

The Punjab government has launched the ‘Meri Rasoi’ scheme to provide nutritional support to nearly…

9 hours ago

PhonePe Launches AI-Powered Natural Language Search with Microsoft Foundry

PhonePe has launched an AI-powered natural language search feature built on Microsoft Foundry. The new…

9 hours ago