A UAE-based business conglomerate has made an announcement about the acceptance of India's Unified Payment Interface payments across the country’s outlets. Developed by the National Payments Corporation of India (NPCI) in 2016, Unified Payment Interface (UPI) is an Indian instant payment system.
The inaugural transaction using UPI was made at the Al Maya Supermarket and was conducted in the presence of the Deputy Consul General of India in Dubai, Yatin Patel. Furthermore, Kamal Vachani, Group Director and Partner of Al Maya Group has also highlighted the convenience and benefits that UPI payments will bring to Indian customers.
“We are thrilled to be at the forefront of this innovative payment solution in the UAE. The introduction of UPI will not only enhance the shopping experience for our customers but also strengthen the economic ties between India and the UAE,” said Vachani.
He said that the availability of UPI payment services is expected to drive the much needed convenience and seamlessness when it comes to transactions for Indian visitors, creating a win-win situation for both the nations. UPI's success in India has proliferated across many countries which has led to global collaborations across several countries. And given that UAE is a major destination for Indian tourists, the country stands to benefit significantly from such integration, as per Vachani.
With UPI's proven track record and its growing acceptance worldwide, we are confident that this will pave the way for more seamless and efficient transactions, benefitting not just our customers but also the broader economy, he added.
