India’s NPCI International Payments Limited (NIPL) announced teaming up with Qatar National Bank (QNB) to allow UPI payments in Qatar.
The tie-up will allow both non-resident Indians (NRIs) and Indian travellers to make payments for their shopping and other activities in the Gulf country.
QNB Group is the largest bank in the Middle East and Africa, operating in over 28 countries, offering a wide range of financial services and have more than 5,000 ATMs.
Since Indians are one of the largest groups of visitors to Qatar, the payment tie-up will make transactions much easier and more convenient for them.
Shops and businesses in Qatar will also benefit from this partnership.
Anubhav Sharma, Deputy Chief – Partnerships and Business Development, NPCI International said enabling UPI acceptance in Qatar will offer substantial benefits to the large number of Indians visiting the country, simplifying their transactions, and ensuring a hassle-free travel experience abroad.
He said merchants in Qatar will also greatly benefit from UPI, gaining access to a wider customer base and more efficient payment and collection processing.
Adel Ali Al-Malki, Senior Executive Vice President, QNB Group Retail Banking said the bank is thrilled to embark on this pioneering journey with NIPL to bring UPI payments to Qatar, setting a new standard in innovation in the region.
“QNB is confident that the strategic initiative will not only elevate the travel and hospitality sectors but also empower local merchants to thrive,” he said.
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