By TravoUpdate
QNB, the largest financial institution in the Middle East and Africa, based in Qatar, signed an agreement with NPCI International Payments Ltd (NIPL) to introduce UPI payments via QR codes across Qatar
The initiative aims to enable the acceptance of UPI payments through QNB’s merchant network, benefiting Indian tourists traveling through or visiting Qatar.
Anubhav Sharma from NPCI International highlighted the significant benefits of UPI acceptance in Qatar for Indian visitors, simplifying their transactions and enhancing their travel experience
Indian Tourism to Sri Lanka
In the first half of 2024, approximately 200,000 Indian tourists visited Sri Lanka, with India being the top source market accounting for 18% of all visitors to Sri Lanka.
Usage of UPI in Qatar
Indian travelers in Qatar will be able to use UPI payments at various establishments including merchants, duty-free shops, leisure centers, hotels, and tourist attractions.
Adel Ali Al-Malki’s Statement
Adel Ali Al-Malki, Senior Executive VP of QNB Group Retail Banking, emphasized that the acceptance of UPI payments will revolutionize transaction processes, improving the overall travel experience
Merchants in Qatar are set to benefit from a faster and more convenient checkout process by adopting UPI payments.
The partnership between QNB and NIPL reflects Qatar’s commitment to enhancing its payment infrastructure and catering to the needs of its growing number of Indian visitors.
The introduction of UPI payments in Qatar aligns with global trends towards digital payment solutions, offering easier financial transactions for Indian travelers abroad
Advancement in Financial Services
This initiative marks a significant advancement in Qatar’s financial services sector, aiming to provide seamless and efficient payment solutions to enhance visitor satisfaction and convenience