NPCI to sign pact with Al Etihad Payments for cross-border ties

NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will ink an agreement with Al Etihad Payments on Thursday in Abu Dhabi to facilitate cross-border transactions, an official said.

The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India’s RuPay debit and credit card stack, the official added.

The agreement will be signed in the presence of Commerce and Industry Minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6.