NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Monday announced a strategic partnership with Magnati, a payment solutions provider in the Middle East, to advance QR based Unified Payments Interface (UPI) merchant payments via Magnati’s point-of-sale (POS) terminals in the UAE.
The partnership will initially offer UPI acceptance across Dubai Duty Free, enhancing the shopping and payment experience for Indian tourists. It will further pave the way for future expansion across key merchant categories including retail, hospitality, transport, and supermarkets, among others.
“The partnership with Magnati is a strategic step towards expanding UPI acceptance in the UAE. It offers Indian travellers a seamless and familiar payment experience at premier destinations like Dubai Duty-Free,” said Ritesh Shukla, Chief Executive Officer, NPCI International.
UPI, a leading real-time payment system, processed over 16 billion transactions in December 2024. Through this partnership, NIPL enables payment options for over 12 million Indians traveling to Dubai and the UAE annually, integrating an Indian payment solution into the global digital network and supporting UAE merchants in serving Indian consumers.
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