NPCI International Payments Ltd (NIPL), The international arm of National Payments Corporation of India (NPCI), Has partnered with the UAE (United Arab Emirates)-based Mashreq Bank to Provide the Unified Payments Interface
(UPI), the mobile-based real-time
Payment system, in the UAE.
• The partnership will support more than 2 million Indians, who are travelling to The UAE to make payments using UPI
For their purchases in shops and
Merchant stores across UAE.
•The acceptance of UPI would boost
The digital payment ecosystem in the UAE and also enable the wider reach Of UPI in the international markets.
Partnership with Bhutan:
i.In July 2021, NIPL in partnership with the Royal Monetary Authority (RMA) of Bhutan implemented the Bharat Interface For Money (BHIM) UPI QR-based Payments in Bhutan.
ii.Bhutan became the 1st country to
adopt India’s UPI standards for its QR deployment.
About NPCI International Payments Limited (NIPL):
It is a wholly-owned subsidiary of NPCI, Devoted to the deployment of NPCI’s Indigenous, Real-Time Payment System UPl and Card Scheme RuPay, outside India.
Establishment April 3, 2020
CEO Ritesh Shukla