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India’s Unified Payments Interface (UPI) has been launched in Qatar its next step in the global expansion of the country’s digital payment ecosystem. Union Minister of Commerce and Industry Piyush Goyal inaugurated the service at Lulu Hypermarket in Doha enabling seamless and low-cost cross-border transactions between India and Qatar. The initiative aims to promote India’s digital payment solutions internationally and deepen financial connectivity with other nations. Piyush Goyal On UPI Launch In Qatar Announcing the launch on X Piyush Goyal said Proud to launch Bharats own #UPI at Lulu Hypermarket in Doha Qatar. This launch is a game-changer for digital connectivity and ease of payments reflecting Indias commitment to facilitating cross-border commerce and leveraging Digital India initiatives. He added that the system is operational at Qatar National Banks point-of-sale (POS) terminals covering large parts of the Qatari market. According to him this step will help Indian travellers and strengthen trade and tourism between India and Qatar. At the event held in Doha Goyal addressed the gathering at Lulu Mall calling the launch more than a technological milestone. Im very delighted at the opportunity to launch UPI and UPI transactions. It is not just a technology solution or a digital payment solution but it has the potential to revolutionise trade between Qatar and India. Its the celebration of Indias technology he said. The minister highlighted that integrating UPI with Qatars payment systems will deepen trust between the two countries. Piyush Goyal On India’s UPI Expansion Its an opportunity to expand our trust between Qatar and India because as we seamlessly integrate the payment systems of both countries our people will be able to trade more trade smarter at lower cost Goyal remarked. NPCI International Payments Ltd (NIPL) collaborated with Qatar National Bank (QNB) and Japanese payments gateway NETSTARS to roll out UPI services in Qatar. He further explained that the new system would enable the movement of money to be faster almost in real-time. The movement of money and capital will be faster almost real-time with a very low cost associated with it. It will become the symbol of trust across borders he said. Goyal also reflected on Indias journey with digital payments noting that UPI has been a success story since its introduction nine years ago. UPI was launched nine years ago and is a big success story in India. Eighty-five per cent of Indias digital payments go through UPI and nearly 50 per cent of global digital payments are now made by UPI recording about 640 billion transactions on average every day he said. (With Inputs From ANI)