India, UAE Sign Agreement to Interlink Payment Systems

 



India and the United Arab Emirates have signed an agreement to interlink their payment systems. This will allow users of India's Unified Payments Interface (UPI) to make payments to merchants in the UAE, and vice versa. The agreement also includes interlinking the RuPay and UAESWITCH card switches.

The agreement to interlink the payment systems of India and the UAE is a significant development for both countries. It will make it easier for businesses and consumers to make payments between the two countries, and it is expected to boost trade and investment. The agreement has been welcomed by both governments and businesses in both countries.

This agreement is a sign of the growing economic and strategic ties between India and the UAE. The two countries have been working closely on a number of issues, including trade, investment, and security. The interlinking of their payment systems is a further step in strengthening their relationship.

This agreement is also a positive development for the global economy. It will make it easier for businesses and consumers in India and the UAE to trade and invest with each other. This will lead to increased economic growth and job creation in both countries.


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