Amit Kamboj’s Post

The agreement on interlinking of the instant payment platforms — UPI (India) and AANI (UAE) — will facilitate seamless cross-border transactions between the two countries. This follows the MoU on interlinking payment and messaging systems signed in July last year during PM Modi’s visit to Abu Dhabi. The agreement on inter-linking domestic debit/credit cards — RuPay (India) with JAYWAN (UAE) — is an important step in building financial sector cooperation which will enhance the universal acceptance of RuPay across the UAE. - - - #NiryatBusiness #Niryat #Global #Import #Export #UPI #AANI #CrossBorderTransactions #FinancialCooperation #PMModi #AbuDhabiVisit #PaymentSystems #MessagingSystems #RuPay #JAYWAN #FinancialSector #Cooperation #UniversalAcceptance #IndiaUAE #InterlinkingAgreement #SeamlessTransactions

𝐔𝐏𝐈 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐍𝐨𝐰 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐀𝐄 𝐯𝐢𝐚 𝐍𝐏𝐂𝐈 𝐚𝐧𝐝 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 NPCI International Payments Ltd. and Network International have formed a partnership to facilitate UPI payments in the United Arab Emirates using QR codes at the network's point-of-sale (POS) terminals. Through this programme, all transactions made by Indian tourists and non-resident Indians (NRIs) in the United Arab Emirates (UAE) will be safe and easy. Read More: https://lnkd.in/gDACiVXX #AsiaOne #UPIPayments #UPIInUAE #NPCI #DigitalPayments #CashlessTransactions #FinTech #PaymentInnovation #GlobalPayments #UAEFinance #SeamlessPayments #DigitalRevolution #CashlessFuture #TechInFinance #InstantPayments #FinancialInclusion #UAEUpdates #GlobalPartnership #NetworkPartnership #IndiaUAE #DigitalEconomy

Saudi businesses are optimizing their payment processes with **payment orchestration**! 💼 💳 Simplify and manage all transactions seamlessly. https://lnkd.in/dhCVHTbW #PaymentOrchestration #PayTabsKSA🇸🇦

𝗜𝗻𝗱𝗶𝗮𝗻𝘀 𝗰𝗮𝗻 𝗻𝗼𝘄 𝘂𝘀𝗲 #UPI 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲, 𝗖𝗮𝗻𝗮𝗱𝗮, 𝗢𝗺𝗮𝗻, 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮, 𝗨𝗔𝗘, 𝗨𝗞, 𝗙𝗿𝗮𝗻𝗰𝗲, 𝗠𝗮𝗹𝗱𝗶𝘃𝗲𝘀, 𝗕𝗵𝘂𝘁𝗮𝗻, 𝗡𝗲𝗽𝗮𝗹, 𝗠𝗮𝘂𝗿𝗶𝘁𝗶𝘂𝘀, 𝗮𝗻𝗱 𝗦𝗿𝗶 𝗟𝗮𝗻𝗸𝗮 👏 Great news for easier transactions! 💰 NPCI International Payments Limited (NIPL), is teaming up with countries to make it easier for Indians traveling abroad. They're creating partnerships to make RuPay and #UPI widely accepted in other countries. This means Indian travelers can use these payment methods when they're in other countries 🌎 NPCI will enable 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗺𝗼𝗯𝗶𝗹𝗲 𝗻𝘂𝗺𝗯𝗲𝗿-𝗹𝗶𝗻𝗸𝗲𝗱 𝗨𝗣𝗜 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 in these 10 countries: Singapore (+65), Australia (+61), Canada (+1), Hong Kong (+852), Oman (+968), Qatar (+974), USA (+1), Saudi Arabia (+966), UAE (+971), UK (+44). Kudos to National Payments Corporation Of India (NPCI)! Ab globally UPI Chalega 😎 What are your thoughts on this? #digitalpayments

Sheikh Mohamed, PM Modi launched a new UAE domestic payment card, powered by RuPay 🇦🇪 🇮🇳 A new domestic payment card has been launched in the UAE. Called Jaywan and built on India’s digital RuPay credit and debit card stack, it was introduced by President Sheikh Mohamed and Indian Prime Minister Narendra Modi. What is RuPay? The RuPay card is the Indian equivalent of Mastercard or Visa. Billed as a highly secure indigenous system, it is widely accepted across India with more than 750 million cards reportedly in circulation. Other deals inked Some other bilateral agreements announced include the interlinking of India's UPI and UAE's 'Aani' payment systems to facilitate seamless cross-border transactions between the two countries. Aani includes a convenient feature that allows users to transfer money immediately using only the recipient's phone number. SOURCE: https://lnkd.in/dmZbe-pR.

Immediate payments(IP), the most disrupting event and infliction point in the history of emerging markets. A revolution that sparked a conflict of interest within financial institutions' own departments. Cross border remittances using IP rails is the THING! However it is not accelerated as it should be. People of the #UAE, are you aware of the #Aani service ? The IP service in the UAE that everyone should use! Check your bank if it is already a member and enroll NOW! If you are not a payments geek, read about Aani here and see how mind blowing IP is! https://lnkd.in/d8BDe4RD #immediatepayment #instantpayment #uae #payments #crossborder Al Etihad Payments

🚀 Cross-Border Payments in MENA🌍 Exciting times are ahead for the MENA region with two groundbreaking initiatives that are set to transform cross-border payments! 🔗 Arab Regional Payment System (Buna) The Arab Regional Payment System, commonly known as Buna, is an incredible initiative launched by the Arab Monetary Fund. Aimed at enhancing and streamlining cross-border payments among Arab countries, Buna is already making waves with over 100 participants from 14 MENA markets. 🌟 Key Highlights: - Seamless Payments: Simplifies cross-border transactions, reducing time and costs. - Economic Integration: Fosters regional economic cohesion and financial inclusion. - Security: Ensures transactions are transparent, secure, and compliant with international standards. Buna is set to boost trade, investment, and economic growth, reinforcing financial stability across the region. 🔗 AFAQ by Gulf Payments Company Introducing AFAQ, an initiative by the Gulf Payments Company and led by the central bank of Saudi Arabia. This system aims to integrate payment solutions across the Gulf Cooperation Council (GCC) countries and has already onboarded over 50 participants from GCC markets. 🌐 Key Highlights: - Unified Payment Platform: Streamlines cross-border payments within the GCC. - Cost Efficiency: Reduces transaction costs while ensuring reliability through real-time settlements. - Standardization: Promotes standardized payment protocols across GCC, enhancing economic cooperation. AFAQ is paving the way for a more integrated and efficient financial ecosystem within the GCC. --- Both Buna and AFAQ are not just payment systems but pivotal channels fostering regional cooperation and economic modernisation. Their impact on the financial landscape in MENA and GCC is expected to be monumental, driving growth, inclusivity, and stability. #CrossBorderPayments #MENA #Buna #AFAQ #EconomicIntegration #FinancialInclusion #GCC ---

Don’t miss today’s session on Real Time payments movement, and what it means for merchants in Middle East and Africa; the panel features industry and banking leaders with our own Nader Abdelrazik. See you there!

UAE exchange houses announce increased fees for remittances by 15% The Emirates is one of the world’s largest remittance markets, with most of the transfers flowing to India, Egypt, Pakistan, Bangladesh and the Philippines. The fees for remitting money for expatriates from the UAE will rise by 15 percent, it was announced on Monday. The Foreign Exchange and Remittance Group (FERG), representing the exchange houses in the UAE, said they received approval from the authorities to increase the fee by 15 per cent, which equates to Dh2.5. The body said the fee hike will take place for remittance services provided through physical branches of the exchange houses. However, remittances offered via mobile apps will most likely remain unchanged or even reduced to maintain digital competitiveness. This move ensures that exchange houses can sustain the delivery of high-quality services while addressing the changing regulatory requirements and associated operational costs, all of which were maintained without fee increases for the past five years,” said Mohammad A. Al Ansari, chairman of Ferg. #khaleejtimes #moneyexchange #uae