The Unified Payments Interface (UPI) is set to launch in Qatar, benefiting over 800,000 Indians. Following a successful integration with Qatar National Bank, this initiative will simplify digital transactions, marking a crucial step in strengthening financial ties between India and Qatar. UPI’s global expansion reflects India’s commitment to enhancing fintech operations worldwide.
Indians will soon have the ability to utilize the Unified Payments Interface (UPI) in Qatar for digital transactions, following its successful integration with Qatar National Bank’s (QNB) point-of-sale systems in July 2024. This initiative aims to enhance the volume of digital transactions between India and Qatar, as expressed by Vipul, the Indian Ambassador to Qatar, at the recent Web Summit in Doha.
The introduction of UPI in Qatar represents a significant advancement in digital payment solutions for the Indian community, providing a more efficient means of conducting financial transactions. This initiative not only enhances India’s fintech global presence but also solidifies cooperative ties between India and Qatar in various sectors, including technology and innovation.
Original Source: www.cnbctv18.com