After successfully integrating with Qatar National Bank’s (QNB) point-of-sale systems in July 2024, UPI is now set for full-scale rollout in Qatar. This marks a significant step in boosting digital transactions between India and Qatar, Vipul, India’s Ambassador to Qatar, recently said at the Web Summit Qatar in Doha.

“Qatar will soon see the full rollout of UPI. The integration with QNB is complete, testing is done, and the launch has already taken place. This is a major milestone in enhancing digital payments between our countries,” Vipul was quoted as saying in a Moneycontrol report.

What this means for Indians in Qatar

UPI’s expansion will simplify financial transactions for over 8,00,000 Indians living in Qatar. This move aligns with India’s strategy to strengthen its fintech footprint globally.

Indians in Qatar will soon be able to make real-time, cost-effective transactions using UPI, making it easier to manage payments without traditional banking hassles.

Beyond fintech, India and Qatar are deepening collaborations in startups and innovation.

UPI’s global growth continues

UPI’s adoption in Qatar adds to its growing international presence. The payment system is already live in the UAE, Singapore, France, Sri Lanka, Nepal, and Mauritius. It is also part of Project Nexus, which links digital payments across Malaysia, the Philippines, and Thailand.

Rohit Mahajan, Managing Partner & Founder of plutosONE, called this expansion a “game-changer” for cross-border financial accessibility.

“With 12.2 billion UPI transactions in January 2024, processing ₹18.41 lakh crore, its scalability and efficiency are undeniable. This rollout will further cement India’s leadership in global fintech,” he said.