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In April 2022, NPCI International Payments Ltd (NIPL) announced that, across _, BHIM UPI would be live on NEOPAY terminals.
Question

In April 2022, NPCI International Payments Ltd (NIPL) announced that, across _, BHIM UPI would be live on NEOPAY terminals.

A.

the UAE

B.

Bhutan

C.

Iran

D.

Sri Lanka

Correct option is A

The correct answer is (A) the UAE


Explanation:

In April 2022, NPCI International Payments Ltd (NIPL) announced that BHIM UPI (Bharat Interface for Money Unified Payments Interface) would be live on NEOPAY terminals in the UAE. This move was aimed at promoting digital payments and facilitating easy transactions for Indians and Indian visitors in the UAE.

Information Booster:
  1. BHIM UPI is a mobile payment system developed by the National Payments Corporation of India (NPCI) to facilitate instant money transfers.

  2. The integration with NEOPAY terminals allows UPI users to make payments in the UAE using the UPI platform.

  3. The UAE is one of the first international markets where BHIM UPI was expanded, reflecting India's effort to promote digital payment systems globally.

Additional Information:
  • The UAE has a large Indian expatriate community, making it a strategic location for the deployment of UPI services.
  • NEOPAY is a digital payments provider in the UAE that offers payment solutions to businesses and consumers.

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