NPCI to sign pact with Al Etihad Payments of UAE for cross-border transactions
NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will ink an agreement with Al Etihad Payments on Thursday in Abu Dhabi to facilitate cross-border transactions, an official said.
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, the official added.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisit The agreement will be signed in the presence of commerce and industry minister Piyush Goyal, who is leading a business delegation to Abu Dhabi during October 5-6.
Goyal will co-chair the eleventh meeting of the India-UAE High-Level Task Force on Investments (HLTFI) along with Sheikh Hamed Bin Zayed Al Nahyan, managing director of Abu Dhabi Investment Authority.
The meeting will be attended by Mohamed Hassan Alsuwaidi, minister of investment, MD and CEO of ADQ; Thani bin Ahmed Al Zeyoudi, minister of state for foreign trade; Khaled Mohamed Balama, governor of the Central Bank of the UAE; and ambassadors of both countries (Abdulnasser Alshaali, UAE ambassador to India, and Sunjay Sudhir, ambassador of India to UAE).
Goyal will also hold bilateral meetings with Khaldoon Al Mubarak, CEO and MD, Mubadala, besides members of the UAE-India Business Council, top business leaders from both countries and major food importers from GCC (Gulf Cooperation Council) and Egypt.
Meanwhile, the
