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NIPL partnered with Mashreq Bank

Published on August 22, 2021
Current Context: NPCI International Payments Ltd (NIPL) has entered into a partnership with Mashreq Bank.
NIPL partnered with Mashreq Bank
  • They have partnered to launch the Unified Payments Interface (UPI) payment system facility in the UAE.
  • This will help Indian tourists who travel to UAE for business or leisure purposes. They will be able to perform transactions using UPI-based mobile applications in the UAE.
  • This will benefit around 2 million Indians and will also give enhancement to the digital payment mechanism in the UAE.
  • Static Part: 
    • HQ of NPCI: Mumbai
    • MD and CEO of NPCI: Dilip Asbe
    • NIPL is the wholly-owned subsidiary of NPCI
    • CEO of NIPL: Ritesh Shukla
    • Capital of UAE: Abu Dhabi
    • Currency of UAE: Dirham

Question: 

Q.1 The NPCI International Payments Ltd (NIPL) partnered with Mashreq Bank to launch a UPI payment system facility in which country?
a. Qatar
b. Bahrain
c. Saudi Arabia
d. UAE

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