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- The primary goal of this collaboration is to expand the acceptance of Unified Payments Interface (UPI) in the UAE.
- Here's how it works:
- UPI Merchant Payments: Magnati's point-of-sale (POS) terminals will now support QR-based UPI merchant payments.
- Initial Rollout: The partnership will start with Dubai Duty-Free, making it easier for Indian tourists to make payments using UPI.
- 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.
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