India’s National Payments Corporation of India (NPCI) and Abu Dhabi’s Al Etihad Payments (AEP) have inked a strategic agreement to facilitate cross-border transactions. Under this partnership, NPCI International Payments Limited (NIPL) will collaborate with AEP to implement the UAE’s national domestic card scheme, fostering advancements in e-commerce, digital transactions, and financial inclusion. AEP, an indirect subsidiary of the Central Bank of UAE, aims to benefit from NIPL’s expertise in establishing secure and cost-efficient payment systems. NIPL’s DCS solution, rooted in principles of sovereignty, speed, innovation, and digitization, includes the widely accepted RuPay card payment network, with over 750 million cards in circulation.
NPCI and Al Etihad Payments Forge Alliance for Cross-Border Transactions
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