BHIM UPI goes live at NEOPAY terminals in UAE

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NPCI International Payments Ltd (NIPL), the international arm of the National Payment Corporation of India has announced that BHIM UPI is now live at NEOPAY terminals, across the UAE.

This initiative will empower millions of Indians who travel to the UAE, to safely and conveniently make payments using BHIM UPI. NIPL and NEOPAY, the payment subsidiary of Mashreq bank, partnered last year to create the acceptance infrastructure in the UAE.

“NIPL is consistently working towards simplifying digital payments and driving digital public goods across the globe with our cutting-edge solutions. We are dedicated to building a vast global acceptance network for UPI to ensure seamless user experiences when it comes to payments,” said Ritesh Shukla, CEO, NIPL.

With the acceptance of BHIM UPI in the UAE, Indian tourists can now make seamless payments through BHIM UPI across NEOPAY enabled shops and merchant stores. This partnership will play a key role in transforming the P2M payment experience for Indian travelers in the UAE. The implementation of BHIM UPI in the UAE is a stepping stone toward providing a major boost to digital payments in the country.

“The UAE is consistently one of the top source markets for Indian travelers and our collaboration with NIPL will enable thousands of Indian tourists who visit the UAE every year to enjoy safe and seamless transactions,” said Vibhor Mundhada, CEO, NEOPAY.

UPI is an instant real-time payment system developed by the National Payments Corporation of India for facilitating inter-bank transactions.

The simple, safe, cost-effective mobile-based payments system has become one of the most prominent forms of digital payments. In the Financial year 2022 (FY22), UPI enabled 45.6 billion transactions, worth $1 trillion, making it the best performing real-time payment eco-system in the world.

NPCI has successfully developed and proved its product and technological capabilities in the domestic market by transforming the payment segment in India.