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NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will sign an agreement with Al Etihad Payments to facilitate cross-border transactions. The memorandum of understanding (MoU) will focus on developing a domestic card scheme in the UAE based on India's RuPay debit and credit card stack. The agreement will be signed in the presence of Commerce and Industry Minister Piyush Goyal, who is leading a business delegation to Abu Dhabi. NPCI is also in talks to extend its UPI services to the US, European countries, and West Asia.

​​The memorandum of understanding (MoU) aims to develop the domestic card scheme of the UAE based on India's RuPay debit and credit card stack.

A delegation led by Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Government of India, will be visiting the United Arab Emirates from 5th-6th, October 2023 to co-chair the

NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will sign an agreement with Al Etihad Payments in Abu Dhabi to enable cross-border transactions. The memorandum of understanding (MoU) will focus on developing a domestic card scheme in the UAE based on India's RuPay debit and credit card stack. This agreement will be signed during a visit by Commerce and Industry Minister Piyush Goyal, who will also participate in the India-UAE High-Level Task Force on Investments meeting.

Union Minister Piyush Goyal will co-chair the 11th Meeting of the India-UAE High-Level Joint Task Force to boost investments between the two countries