National Payments Corporation of India (NPCI) has good news for Indians travelling to the UAE. The authority’s international division, NPCI International Payments Ltd (NIPL), has announced that BHIM UPI is now functional at all NEOPAY terminals in the UAE.
NIPL has teamed up with Mashreq Bank’s payments subsidiary, NEOPAY, to build an acceptance infrastructure. This will enable Indian citizens make payments in the UAE via BHIM UPI. “This initiative will empower millions of Indians who travel to the UAE, to safely and conveniently make payments using BHIM UPI”, said the NIPL. However, do note that Indians in the UAE will be allowed to make BHIM UPI payments only at NEOPAY terminals.
How To Make UPI Payments At NEOPAY
To use this feature, the customer will need the following—a bank account registered in India, UPI connectivity, and any UPI-based app that can be used for transactions. The user can make payments at any NEOPAY terminal across UAE, which will convert the amount to rupees and charge the customer accordingly.
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Ritesh Shukla, CEO, NIPL stated, “We are glad to witness BHIM UPI going live in the UAE through our partnership with NEOPAY. This initiative will enable Indian tourists to perform payments using BHIM UPI which has emerged as the preferred mode of payment of Indian citizens”.
UPI is a real-time payment system set up by the NPCI which makes it easy to conduct inter-bank transactions. The mobile-based application has expanded to become a major digital payment system in India. It has been working on adding more features to the service, such as enabling offline microtransactions via UPI Lite. Additionally, it has also introduced the payment technology for feature phones.
Countries With BHIM UPI System
The UAE joins a few other countries that support BHIM UPI. The service was first jointly launched by Union Minister of Finance Nirmala Sitharaman and Bhutan’s Lyonpo Namgay Tshering in Bhutan. Nepal and Singapore have also adopted the system.