October 8, 2024 5:06 PM

India and UAE to interlink payment systems for smooth cross-border transactions

Union Commerce Minister Piyush Goyal announced that India and the UAE are working on interlinking India’s Unified Payments Interface (UPI) with the UAE’s AANI system to enable seamless cross-border transactions between the two countries. This move is set to benefit the over 3 million Indians residing in the UAE, allowing them to use the power of UPI and AANI for smoother financial exchanges. Goyal announced during a press conference following the 12th meeting of the India-UAE High-Level Joi...