Dubai, Jul 19 (PTI) A UAE-based business conglomerate has announced the acceptance of India's Unified Payment Interface payments across its outlets in the country.

Unified Payment Interface (UPI) is an Indian instant payment system developed by the National Payments Corporation of India (NPCI) in 2016.

Also Read | What Does 'Bash Slash' Tattoo Mean? Amber Rose's Forehead Tattoo Steals Attention at the Republican National Convention, Here's What It Means.

The inaugural transaction using UPI at the Al Maya Supermarket was conducted in the presence of the Deputy Consul General of India in Dubai, Yatin Patel.

Kamal Vachani, Group Director and Partner of Al Maya Group, highlighted the convenience and benefits that UPI payments bring to Indian customers.

Also Read | Bangladesh Violence: All Indian Nationals Safe, EAM S Jaishankar Himself Monitoring Situation, Says MEA on Dhaka Protests.

“We are thrilled to be at the forefront of this innovative payment solution in the UAE. The introduction of UPI will not only enhance the shopping experience for our customers but also strengthen the economic ties between India and the UAE,” Vachani said.

He said the availability of UPI payment services is expected to enhance convenience and ease of transactions for Indian visitors, benefiting both nations.

UPI's success in India has led to global collaborations across several countries, and the UAE stands to benefit significantly from such integration given that it is a major destination for Indian tourists, he said.

“With UPI's proven track record and its growing acceptance worldwide, we are confident that this will pave the way for more seamless and efficient transactions, benefitting not just our customers but also the broader economy,” he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)