NPCI International, BENEFIT Join Hands for Seamless Transfers

Current Context: National Payments Corporation of India International Payments Limited (NIPL) partnered with Bahrain’s BENEFIT (Bahrain Electronic Network for Financial Transactions) company on November 10, 2025.

• The collaboration connects India’s Unified Payments Interface (UPI) with Bahrain’s Electronic Fund Transfer System (EFTS), specifically the Fawri+ service.
• It enables real‑time, secure, and cost‑effective cross‑border remittances between India and Bahrain.
• The initiative is supervised by the Reserve Bank of India (RBI) and the Central Bank of Bahrain (CBB).
• It strengthens digital financial inclusion and supports the large Indian diaspora in Bahrain.
•  This marks another step in expanding UPI’s global footprint.

Question:

Q.1 On November 10, 2025, which Bahraini organization signed an agreement with the National Payments Corporation of India International Payments Limited (NIPL) to link India’s Unified Payments Interface (UPI) with Bahrain’s payment network?
a) Al Baraka Bank
b) Bahrain Electronic Network for Financial Transactions (BENEFIT)
c) Bahrain Fintech Bay
d) Gulf International Bank

Answer: b) NIPL partnered with Bahrain’s BENEFIT company to connect UPI with Bahrain’s Electronic Fund Transfer System (EFTS), expanding India’s digital payment linkages globally.