Qatar National Bank (QNB), the largest financial institution in the Middle East and Africa has forged a significant partnership with NPCI International Payments Limited (NIPL) to enhance the payment experience for Indian travelers visiting and transiting through Qatar. This collaboration aims to implement QR code-based Unified Payments Interface (UPI) merchant payments across the country, marking a significant step towards integrating advanced digital payment solutions in Qatar.
The partnership between QNB and NIPL introduces a seamless and convenient payment option for Indian tourists in Qatar. By enabling UPI payments, Indian travelers can use their preferred payment method at various establishments, including retail stores, tourist attractions, leisure sites, duty-free shops, and hotels. This integration ensures a hassle-free experience for Indian tourists, simplifying transactions and enhancing their overall travel experience in Qatar.
For local merchants in Qatar, adopting QR code-based UPI payments opens new opportunities to cater to the growing number of international travelers. The innovative payment solution allows merchants to provide a faster and more efficient checkout, boosting customer satisfaction and potentially increasing sales. By embracing UPI payments, local businesses align with Qatar’s vision of becoming a global hub for tourism and commerce, driving business growth and economic development.
Mr. Adel Ali Al-Malki, Senior Executive Vice President of QNB Group Retail Banking, expressed his enthusiasm about the collaboration: “We are thrilled to embark on this pioneering journey with NIPL to bring UPI payments to Qatar, setting a new standard in innovation in the region. With this new digital payment solution, we are revolutionizing the way transactions are conducted, enhancing the travel experience like never before.”
Anubhav Sharma, Deputy Chief – Partnerships and Business Development at NPCI International, also highlighted the benefits of this collaboration: “We are happy to collaborate with Qatar National Bank to bring UPI payments to Qatar. We believe that enabling UPI acceptance in Qatar will offer substantial benefits to the large number of Indians visiting Qatar, simplifying their transactions and ensuring a hassle-free travel experience abroad.”
This strategic collaboration between QNB and NIPL is a testament to Qatar’s dedication to embracing digital advancements and fostering a welcoming environment for international tourists. As UPI payments become more widely accepted in Qatar, Indian travelers can look forward to a seamless and enjoyable journey, while local merchants can tap into new opportunities for growth and success.