The UAE will be the first country in the Middle East to witness the launch of the RuPay card, “an Indian indigenous equivalent of Mastercard or Visa”, during the visit of Indian Prime Minister Narendra Modi this weekend.
Navdeep Singh Suri, Indian Ambassador to the UAE, in an interview to Emirates News Agency, WAM, said: “A Memorandum of Understanding (MoU) to establish a technology interface between the payment platforms in India and UAE, would be exchanged between the National Payments Corporation of India and UAE’s Mercury Payments Services. This will enable the RuPay card to be used at point-of-sale terminals across the UAE.”
He said the UAE hosts the largest Indian community, receives the largest number of Indian tourists and has the largest trade with India. “By becoming the first country in the region to introduce the RuPay card, we expect that each of these elements of tourism, trade and the Indian diaspora will benefit,” Suri said.