The United Arab Emirates will be the first country in the Middle East to witness the launch of the RuPay card, “an Indian equivalent of Mastercard or Visa”, during the visit of Indian Prime Minister Narendra Modi this weekend, said top Indian diplomat.
“A Memorandum of Understanding, MoU, to establish a technology interface between the payment platforms in India and UAE, would be exchanged between the National Payments Corporation of India and UAE’s Mercury Payments Services. This will enable the RuPay card to be used at point-of-sale terminals across the UAE,” Navdeep Singh Suri, the Indian Ambassador to the UAE, said in an exclusive interview on Wednesday.
“The UAE is the largest and most vibrant business hub in the region. It hosts the largest Indian community, receives the largest number of Indian tourists and has the largest trade with India. By becoming the first country in the region to introduce the RuPay card, we expect that each of these elements of tourism, trade and the Indian diaspora will benefit,” he explained.
India had already launched RuPay card in only two foreign countries – Singapore and Bhutan, the envoy said.
“We will have substantive bilateral discussions to further deepen our relationship across multiple sectors during the Prime Minister’s visit,” Suri said.
Prior to Modi’s visit, the Indian Embassy completed the implementation of India’s newly issued five-year multiple -entry tourism and business visa system for the Emirati. The envoy revealed, “We are required under our regulations to obtain biometric data of the Emirati applicants on the first occasion and I am happy to say that we have now established these systems across the BLS Service Centres in UAE.”