NPCI International Payments Limited (NIPL) has signed an agreement with QNB, the largest financial institution in the Middle East and Africa, headquartered in Qatar, to launch QR code-based (UPI) payments across the country.
This initiative marks a significant milestone by enabling UPI payment acceptance in Qatar through the QNB merchant network, greatly benefiting Indian travellers visiting and transiting through the country. This partnership will provide Indian tourists the option to use their preferred payment method across retail stores, tourist attractions, leisure sites, duty-free shops and hotels. This announcement is of particular significance considering that Indians rank as the second largest group of international visitors to Qatar.
By adopting UPI payments, merchants in Qatar will also be able to offer a faster and more convenient payment and checkout process, thereby enhancing customer satisfaction and opening up numerous opportunities for businesses across the country.
Speaking on the development, Anubhav Sharma, Deputy Chief – Partnerships and Business Development, NPCI International said, “We believe that 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. Additionally, merchants in Qatar will greatly benefit from UPI, gaining access to a wider customer base and more efficient payment and collection processing.”
