Rapid Fire
Qatar Becomes 8th Country to Adopt UPI
- 26 Sep 2025
- 1 min read
National Payments Corporation of India (NPCI) has partnered with Qatar National Bank (QNB) to implement the Unified Payments Interface (UPI) in Qatar.
- Key Benefits: Indians are the second-largest group of international visitors to Qatar. This adoption directly benefits tourists by reducing the need for cash and eliminating currency exchange hassles.
- UPIs Global Expansion: As part of India’s efforts to globalize UPI, Qatar becomes the eighth country to adopt it, following Bhutan, France, Mauritius, Nepal, Singapore, Sri Lanka, and the UAE.
UPI
- India's Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), has emerged as a leading digital payment system, facilitating real-time, secure, and low-cost transactions.
- UPI is built on Immediate Payment Service (IMPS) and integrates Aadhaar Enabled Payment System (AePS).
- India’s UPI is now the world’s top real-time payment system, processing over 640 million daily transactions more than Visa’s 639 million and powers 85% of India’s digital payments and nearly 50% of global real-time payments.
|
Read More: UPI |
