Global payment service provider Worldline has joined hands with NPCI International Payments to expand the acceptance of Indian payment instruments across Europe. NPCI International Payments is the international arm of the National Payments Corporation of India (NPCI) - which operates digital payments in India.
Under this partnership, Worldline will provide more convenience for Indian customers in European markets by allowing merchant point-of-sale (POS) systems to accept payments via UPI. Along with this, the facility of RuPay, which is a card service owned by NPCI, will also be made available. A joint statement in this regard was issued by both institutions on Tuesday.
It is believed that considering the increase in the number of Indian tourists and expenditure in European countries, this partnership will bring a lot of benefits to the merchants concerned with the customers. Presently Indian customers have to pay through an international card network.
The hugely popular UPI allows access to multiple bank accounts through a single mobile application, the service will enhance the customer experience while opening up new business possibilities for the merchants, said a joint statement by Worldline and NPCI.
"Our partnership with NPCI International seeks to minimize the risk of preventing or limiting Indian customers from using secure electronic payments in the EU," Worldline Deputy CEO Mark Henry Desports said in a statement.
Let us inform you that 38.74 billion transactions have been registered on NPCI's UPI platform so far. An amount of about US$ 954.58 billion has been transacted through this. This makes it the best-performing real-time payments ecosystem in the world. Similarly, 714 million RuPay cards have been issued so far, with over 1.3 billion transactions.
We believe this partnership will empower Indian consumers to continue using their preferred payment mode as they travel across Europe, Ritesh Shukla, CEO, of NPCI International Payments said in a statement.
Also Read: Supreme Court: Supreme Court pulls up the Rajasthan government regarding Covid compensation
Yashasvi Jaiswal's bat has played very well in the four Test matches played against England so fa
A roundtable conference of ambassadors for Aero India 2023 was held in New Delhi. Defense Ministe
The weather in Delhi-NCR is set to change once again. A Western Disturbance is becoming active in
Prime Minister Narendra Modi gave an interview to a UAE newspaper on Friday. In this, he talked a
There is a tremendous poster war going on between the political parties in the Himachal Pradesh a
The Delhi High Court will pronounce its verdict this afternoon on Chief Minister Arvind Kejriwal'
BCCI announces replacement of Jasprit Bumrah, Mohammed Shami will play T20 World Cup
The Board of Control for Cricket in India (BCCI) has announced the replacement of fast bowler Jas
Maidaan Teaser: Ajay Devgan's film 'Bholaa' has come among the audience. This film is getting a l
The Supreme Court will hear on Friday the application for protection of the 'Shivling' found in t
As per the information so far, 6 people have died in the Nuh incident, out of which 2 are home gu
