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 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.
Points to remember:
- NPCI has partnered with which bank in UAE for the launch of UPI in UAE?-
- Mashreq Bank is based in?- UAE
Source: Hindubusinessline