Domestic Card Scheme

Category : Business and economics Published on: October 07 2023

Share on facebook

India has recently signed an agreement with the United Arab Emirates for the Domestic Card Scheme.
This agreement has been signed to increase digital payments and e-commerce in UAE like RuPay card in India.
This agreement was signed by Union Commerce and Industry Minister Piyush Goyal and UAE Minister of Advanced Technology Sultan Al Jaber.
This agreement was signed by NPCI of India. International Payments Limited and UAE's Al Etihad Payments.
The main objective of the Domestic Card Scheme is to facilitate the growth of e-commerce and digital transactions in the UAE, promote financial inclusion, promote alternative payment options.