Domestic Card Scheme

Domestic Card Scheme

Daily Current Affairs   /   Domestic Card Scheme

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Category : Business and economics Published on: October 07 2023

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  • 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.
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