NPCI International Payments Ltd. (NIPL), in partnership with Network International, a leading digital commerce enabler across the Middle East and Africa, has facilitated the acceptance of QR-code-based Unified Payments Interface (UPI) payments across point-of-sale (POS) terminals in the UAE.
This initiative aims to provide seamless transaction experiences for Bharatiya tourists across Network International’s extensive merchant network in the UAE. With over 200,000 POS terminals spread across 60,000+ merchants in various sectors such as retail, hospitality, transport, and supermarkets, the UPI acceptance rollout will encompass a diverse range of establishments, including popular tourist and leisure attractions.
The collaboration aligns with the UAE’s vision to enhance its status as a leading global tourist destination and commerce hub. The number of Bharatiya tourists traveling to Gulf Cooperation Council countries is projected to reach 9.8 million in 2024, with the UAE expecting 5.29 million arrivals from Bharat. This growth is driven by various factors, including business, employment, and leisure travel.
Satish Kumar Sivan, Consul General in Dubai, commented, “Indians constitute the largest inward tourist cohort to the UAE, particularly Dubai; this development contributes significantly to the economic goals of both nations, including achieving non-oil trade targets. The introduction of UPI in the UAE symbolizes a tangible outcome of the robust economic partnership between our countries”.
Ritesh Shukla, CEO of NPCI International, added, “Our partnership with Network International will expand UPI’s footprint in the UAE. By increasing UPI payment acceptance across merchants, we are providing Bharatiya travellers with a seamless and familiar payment experience while promoting the use of innovative digital payment solutions internationally. This collaboration highlights our commitment to technological advancement and creating a more connected global payment ecosystem”.
Nandan Mer, Group CEO of Network International, expressed enthusiasm about the partnership, stating, “We are thrilled to collaborate with NPCI International Payments Limited to strengthen the payment ecosystem for Bharatiyas visiting or working in the UAE. This initiative supports our vision of empowering businesses with the latest payment technologies and advancing the UAE’s digital transformation. We believe this partnership will foster a robust digital payments ecosystem and increase cashless transactions in the country”.
