There’s significant news for Indians traveling to Qatar for work or tourism. NPCI International Payments Limited (NIPL), in partnership with Qatar National Bank (QNB), has launched the QR code-based Unified Payments Interface (UPI) in Qatar. Indian tourists will now be able to make digital payments in Qatar easily using their mobile phones.

This feature will be available at merchants affiliated with QNB through Netstars’ payment solution. Qatar Duty Free is the first to implement this service. Subsequently, the service will be rolled out to major tourist destinations and retail outlets across the country.

Indian travelers will get convenience

Indians represent the second largest number of international travelers to Qatar. This partnership will eliminate the hassle of carrying cash and currency exchange for them. They will now be able to make real-time transactions across the country.

This move is not only convenient for travelers but will also benefit Qatar’s retail and tourism sectors. UPI acceptance will increase transaction volumes for QNB’s acquired merchants, helping them expand their businesses.

NIPL and QNB responded

Ritesh Shukla, MD and CEO of NIPL, said, “Our goal is to make UPI globally acceptable and create an interoperable global payment network. This partnership with QNB is an important step in that direction. This will enable millions of Indian travelers to make digital payments conveniently and securely, reducing their dependence on cash.”

Meanwhile, Yusuf Mahmoud Al-Nima, Group Chief Business Officer of QNB, said, “We are excited to introduce UPI in Qatar. This not only enhances the convenience of Indian travelers but also strengthens the Qatari market. It will promote cashless transactions, boost the retail and tourism sectors, and provide more customers to local merchants.”

UPI has been launched in many countries.

UPI is no longer limited to India; it has begun to be used in many countries. In addition to Qatar, international payments using UPI are now available at select merchant outlets in Bhutan, France, Mauritius, Nepal, Singapore, Sri Lanka, and the United Arab Emirates (UAE). This is considered a major step towards expanding India’s digital payments network globally.

To further expand this feature, the RBI is signing agreements with payment companies and central banks in various countries. The aim is to make UPI a global payment network, allowing Indians to make instant transactions from their phones in more countries. Furthermore, the RBI is also working to link UPI with foreign currencies such as the dollar or euro.

What is UPI?

UPI, or Unified Payments Interface, is a digital payment system developed by the National Payments Corporation of India (NPCI). It allows you to link multiple bank accounts within a single mobile app. You can send and receive money instantly, anytime, anywhere. All you need is internet access and a smartphone.

How UPI works

To use UPI, each user receives a Virtual Payment Address (VPA), such as mobile@upi. This allows for direct money transfers without entering a bank account number or IFSC code. When making a payment, you simply enter the UPI PIN, ensuring secure transactions.

Since the system runs on the instant IMPS service, money is transferred in seconds. This is why UPI has become the most convenient and reliable payment method today.

The post UPI Goes Global: Indian Tourists and Workers Can Now Make Mobile Payments in Qatar first appeared on Rightsofemployees.com.

Let us know what impact this increase is going to have on Indian students. Earlier, students going to Britain had to pay a visa fee of 490 pounds (about Rs 54,238). Which has now been increased to 524 pounds (about Rs 58,002). This simply means that now students going to Australia will have to spend more than before. This is a big increase for students going abroad to study. Because it will have a direct impact on their budget. Let us tell you that tuition has already been increased and the cost of living will also increase.

Bad effect on skilled workers

Indian professionals who work in IT, medical and engineering fields often turn to these countries for better career options. The increase in visa fees can affect their dreams of making a career abroad. Professionals who want to work in these countries will have to pay increased fees on temporary and permanent visas, so they can consider other countries where visa fees are lower.

Impact on tourism

Apart from students and working professionals, it will also have a direct impact on tourists. Britain and Australia are among the favorite destinations for Indian tourists. After the increased fees, it is possible that tourists turn to other countries. However, this can cause economic loss to both Britain and Australia. Because a large part of the economy of both these countries is based on tourism. In such a situation, Indian tourists may change their mind due to the increased fees.

Related Articles:-

Public Holiday: Government has declared holiday in all schools, colleges and offices tomorrow

Bank Amalgamation: Merger of 15 banks in the country! check if your bank is also…

8th Pay Commission: THESE pensioners will not get the benefit of 8th Pay Commission? Know all details

The post Visa Fees Hike: THESE Countries Have Increased Visa Fees for Indian Tourists and Students, Key Details Inside first appeared on Rightsofemployees.com.

Russian Embassy gave information on social media

A post regarding this was made by the Russian Embassy in India, in which it was said that we are happy to announce that the Russian government has eased the rules for Indians to open bank accounts in Russian financial institutions. Has gone. A Russian bank account can be easily opened and money deposited remotely.

This facility was started only for Indians

Quoting the first post, the Russian Embassy has said that whenever an Indian comes to Russia. Now the partner can easily go to a Russian bank, get a bank card and start financial transactions. This facility has been started especially for Indian travelers and students.

Upon arrival in #Russia, it will be possible to quickly obtain a bank card in a partner Russian bank and initiate financial transactions. This feature is especially convenient for #India’n tourists and students. https://t.co/TdlZFwHWV9

— Russia in India 🇷🇺 (@RusEmbIndia) November 1, 2023

Every year a large number of tourists and students go to Russia

Every year a large number of tourists and students from India go to Russia to visit and study. Russia is providing e-Visa facility for Indians, due to which there has been an increase in the number of Indians going there in recent times. At the same time, thousands of students from India go to Russia to study. More students go to Russia to study medicine. The ranking of Russian universities in the medical field is quite good at the global level.

The post Indian tourists: This country started this special facility for Indian tourists and students first appeared on Rightsofemployees.com.