New Delhi. UPI is being promoted globally by the Government of India. Now Indian citizens can also make payments in rupees in the United Arab Emirates (UAE) through UPI.
In fact, Lulu, a big company running hyperlocal market in UAE, has started giving customers the option of accepting payments through UPI in all its stores in the country.
Indian citizens can easily make payments using the UPI app just like in India. The amount paid will be deducted from their bank account in India. In such a situation, you can easily shop in rupees through UPI in UAE.
UPI payments were launched in the UAE in early July. Apart from Lulu, many big and small merchants in the UAE are accepting UPI payments. Indian citizens and NRIs in the UAE can easily make payments via QR code through Point of Sale (POS) machines.
According to the National Payment Corporation of India (NPCI), the entity that operates UPI, the number of Indian travelers in the Gulf Cooperation Council (GCC) is expected to reach 98 lakh in 2024. Around 53 lakh Indians are expected to reach the UAE alone.
The Government of India, Reserve Bank of India (RBI) and NPCI International are working together to promote UPI on a global platform. Currently, outside India, UPI can be used for payments in Nepal, Sri Lanka, Mauritius, UAE, Singapore, France and Bhutan. Due to the ease of digital payment through UPI, the number of transactions through it is increasing year after year.
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– / Written By Top News Bulletin
Image Credit: KhasKhabar.