NPCI International Payments Limited (NIPL) has teamed up with Qatar National Bank (QNB) to introduce Unified Payments Interface (UPI) payments in Qatar. This collaboration is a major step forward in enabling Indian travelers to make payments using UPI across Qatar.
What This Means for Indian Travelers
This partnership allows Indian tourists to use UPI payments in many places throughout Qatar. Whether you’re shopping at retail stores, visiting tourist attractions, staying in hotels, or buying items at duty-free shops, you can now use UPI for a smooth and convenient payment experience.
Indians are the second-largest group of international visitors to Qatar. This new payment option will make their travels more comfortable by allowing them to use a familiar and easy payment method.
Benefits for Merchants in Qatar
Merchants in Qatar will also benefit from accepting UPI payments. By offering a faster and more efficient payment process, they can improve customer satisfaction. This, in turn, opens up more business opportunities as they can attract and serve a wider range of customers, especially from India.
Statements from NPCI International and QNB
Anubhav Sharma, Deputy Chief – Partnerships and Business Development at NPCI International, expressed his excitement about the partnership: “We are happy to collaborate with QNB to bring UPI payments to Qatar. This will simplify transactions for the large number of Indians visiting the country, ensuring a hassle-free travel experience abroad. Merchants in Qatar will also gain access to a wider customer base and more efficient payment processing.”
Adel Ali Al-Malki, Senior Executive Vice President of QNB Group Retail Banking, added: “We are thrilled to embark on this pioneering journey with NIPL to bring UPI payments to Qatar. This new digital payment solution will revolutionize transactions, enhancing the travel experience like never before. We are confident this initiative will elevate the travel and hospitality sectors and empower local merchants in the digital marketplace.”
Impact on Digital Payments
This partnership highlights NIPL’s commitment to leveraging technology and innovation to create a global digital payments ecosystem. By making UPI payments available in Qatar, NIPL is helping Indian travelers enjoy a seamless and efficient payment experience abroad.
For more details about traveling and enjoying seamless payment experiences in new destinations, check out these resources:
In conclusion, the collaboration between NIPL and QNB to launch UPI payments in Qatar is set to greatly benefit Indian travelers and Qatari merchants, marking a significant advancement in the digital payment landscape.
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FAQs
1. What is the partnership between NPCI International and Qatar National Bank about?
NPCI International and Qatar National Bank have partnered to launch Unified Payments Interface (UPI) payments in Qatar, enabling Indian travelers to use UPI for payments across the country.
2. When will UPI payments be available in Qatar?
UPI payments are available starting from the launch date announced in the partnership between NPCI International and Qatar National Bank.
3. Where can Indian travelers use UPI payments in Qatar?
Indian travelers can use UPI payments in retail stores, tourist attractions, hotels, leisure sites, and duty-free shops across Qatar.
4. How will this partnership benefit Indian tourists in Qatar?
This partnership simplifies transactions for Indian tourists, allowing them to use a familiar and convenient payment method, ensuring a hassle-free travel experience.
5. What benefits will Qatari merchants gain from accepting UPI payments?
Qatari merchants will benefit from faster and more efficient payment processing, improved customer satisfaction, and access to a larger customer base, especially from India.
6. Who are the key figures involved in this partnership? Anubhav Sharma, Deputy Chief – Partnerships and Business Development at NPCI International, and Adel Ali Al-Malki, Senior Executive Vice President of QNB Group Retail Banking, are key figures in this partnership.
7. How does this partnership impact the digital payments ecosystem? This partnership underscores NIPL’s commitment to using technology and innovation to create a global digital payments ecosystem, benefiting Indian travelers worldwide.
