NEW DELHI :
THE Government of India has
been promoting UPI as a global payment platform.Now merchants in the United Arab
Emirates (UAE) are accepting
payments viaUPI in Rupees to
attract Indian customers.
One of the biggest retail companies in the UAE, Lulu has
started giving customers the
option to accept payments
through UPI in all its stores in
the country.
Indian citizens can easily
make payments using the UPI
app just like in India. The
amount paid will be deducted
from their bank account in
India.
So Indian citizens and NRIs
can easily do shopping in
UAE through UPI in Rupees
like in India.
UPI payments were
launched in the UAE in the
beginning of July. Apart from
Lulu,payments through UPIare
being accepted by many
big and small merchants across
the UAE. Indian citizens and
NRIs in the UAE can easily pay
through QR codes through
Point of Sale (POS) machines.
According totheNPCI:“The
number of Indian travellers in
the Gulf Cooperation Council
(GCC)is estimated to reach 98
lakh in 2024. Around 53 lakh
Indians are likely to reachUAE
alone.”