NPCI International Collaborates With Qatar National Bank to Launch QR Code-Based UPI Payments

NPCI International Payments Limited (NIPL), the worldwide arm of the funds organisation, has signed an settlement with Qatar National Bank (QNB) to launch QR code-based Unified Payments Interface (UPI) funds throughout the nation. With this transfer, Indian vacationers and travellers can scan QR codes to make UPI funds throughout a number of retail touchpoints in addition to resorts, duty-free outlets, and extra in Qatar. Notably, this growth comes simply days after the National Payments Corporation of India (NPCI) launched the same initiative within the United Arab Emirates (UAE) in partnership with Network International.

NIPL and QNB Launch UPI Payments in Qatar

In a press release, NIPL highlighted that the initiative is aimed toward benefiting Indian vacationers and travellers visiting Qatar. The facility will enable customers to make UPI funds throughout retail shops, vacationer sights, leisure websites, duty-free outlets, and resorts. NIPL highlighted that this initiative will see a major impression as Indians are the second largest group of worldwide guests to Qatar.

NIPL additional highlighted that utilizing UPI as a fee technique will even minimize down on traveller’s time as it’s each sooner and extra handy than conventional choices. Notably, UPI can solely be used if the person has an account in an Indian financial institution.

With this transfer, Qatar joins nations like France, Sri Lanka, Mauritius, and UAE, who’ve all launched UPI companies of their respective nations and now enable Indian travellers to go for QR code scanning to make purchases and funds.

UPI was launched in 2016 as a real-time fee system that enables customers to hyperlink a number of financial institution accounts utilizing a suitable cellular app and make funds utilizing it. To make transactions safe, customers are required so as to add a PIN code that must be entered each time they make a fee. NPCI has additionally added most each day limits so as to add extra safety layers to the know-how.