NPCI International Payments Signed Agreement With Al Etihad Payments To Facilitate Cross-Border Transactions

Current Affairs, Agreements

  • NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, has signed an agreement with Al Etihad Payments in Abu Dhabi to facilitate cross-border transactions.
  • The MoU (Memorandum of Understanding) was signed on development of domestic card scheme of UAE based on India’s RuPay debit and credit card stack.
  • The agreement was signed in the presence of Commerce and Industry Minister Piyush Goyal.
  • NPCI International is in talks to extend the UPI services in the US, European countries, and West Asia.

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