UPI: UPI will also be a hit in Qatar, with the payment service launched.
UPI: The launch of UPI in Qatar is a major relief for Indian travelers. They no longer have to worry about cash or currency exchange. This move is not only convenient for travelers but will also strengthen the local business and tourism sector. Additionally, it will further India's Digital India initiative and the global recognition of UPI.
UPI: Digital payments abroad are becoming easier for Indian travelers. The Unified Payments Interface (UPI) facility has now been launched in Qatar. NPCI International Payments Limited (NIPL) has partnered with Qatar National Bank (QNB). This initiative will enable Indian travelers to make payments in Qatar without cash or currency exchange.
Where to find UPI payment options?
Under this partnership, payments can be made by scanning the UPI QR code at merchants affiliated with QNB and at point-of-sale machines powered by Netstars' payment solution. Initially, this feature is available at Qatar Duty Free shops. It will gradually be rolled out to other major markets and tourist destinations in Qatar.
A Major Relief for Indian Travelers
Indians constitute the second largest number of international tourists to Qatar. The introduction of UPI will relieve Indian travelers of the hassle of carrying cash and exchanging foreign currency. They will be able to spend directly from their Indian bank accounts in Qatar, making their travel experience more convenient and secure.
NPCI and QNB's Perspective
NIPL Managing Director and CEO Ritesh Shukla said that this partnership is a major step towards increasing global acceptance of UPI and building a robust international payment network. Meanwhile, QNB Group Chief Business Officer Yusuf Mahmoud Al-Nima said that this initiative will not only benefit Indian tourists but will also boost Qatar's retail and tourism sectors. Local merchants will gain more customers and increase the number of digital transactions.
A Glimpse of India's Digital Payments Success
UPI is India's biggest digital payments success story. Today, millions of people across the country use it, and it's rapidly gaining international adoption. Following its launch in Qatar, it's expected that UPI payments will be made available to Indian travelers in other countries in the future.
Disclaimer: India Employment News does not offer any stock market-related buying or selling recommendations. We publish market analysis based on market experts and brokerage firms. However, make market-related decisions only after consulting certified experts.
