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NPCI plans to take UPI to Gulf nations

India is in talks with Gulf countries, including Bahrain and Saudi Arabia, to expand its Unified Payments Interface service. While the discussions are in the preliminary stages, many nations have shown interest in advancing the talks. The National Payments Corporation of India is spearheading the talks with Gulf countries to establish bank-to-bank transfer systems for cross-border remittances since millions of Indians live and work in the region.

Why it’s important: The ease of using UPI has made it a widely popular payment option in India in a relatively short period of time. The same convenience could now be expanded to nations where Indians have a sizable presence. Moneycontrol

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