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NPCI International partners with Magnati to Expand UPI Acceptance in UAE

Published on January 17, 2025
Current Context: On January 15, 2025, NPCI International Payments Limited (NIPL) announced a partnership with UAE-based payment solutions provider Magnati.
NPCI International partners with Magnati to Expand UPI Acceptance in UAE
  • The primary goal of this collaboration is to expand the acceptance of Unified Payments Interface (UPI) in the UAE.
  • Here's how it works:
  1. UPI Merchant Payments: Magnati's point-of-sale (POS) terminals will now support QR-based UPI merchant payments.
  2. Initial Rollout: The partnership will start with Dubai Duty-Free, making it easier for Indian tourists to make payments using UPI.
  3. Target Audience: This initiative caters to the over 12 million Indians who visit Dubai and the UAE each year, providing them with a familiar and convenient payment method.
By integrating UPI into Magnati's payment network, this partnership aims to enhance the overall payment experience for Indian travelers and further promote digital payments on a global scale.

Question:

1. Which two companies recently announced a partnership to expand UPI acceptance in the UAE?

  • A) NPCI and Mastercard
  • B) Visa and Emirates NBD
  • C) NPCI International Payments Limited and Magnati
  • D) Mastercard and Dubai Duty-Free
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