Answer-NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of the National Payments Corpo...

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NPCI International Payments Limited NIPL, a wholly-owned subsidiary of the National Payments Corporation of India NPCI, has entered into a strategic partnership agreement with Al Etihad Payments AEP for Domestic Card Scheme DCS Implementation in UAE. As per the agreement,  NIPL and AEP will work together to build, implement, and operationalize UAEs national domestic card scheme. The DCS will aim to facilitate the growth of e-commerce and digital transactions in the UAE, bolster financial inclusion, support the UAEs digitization agenda, increase alternate payment options, reduce the cost of payments, and enhance the UAEs competitiveness and position as a global payments leader.   The DCS solution is based on the principles of sovereignty, speed to market, innovation, digitization, and strategic independence. The DCS solution provided by NIPL consists of a RuPay stack and value-added services like fraud monitoring services and analytics. NIPL will also assist AEP in formulating the operating regulations for their domestic card scheme.

NPCI International Payments Limited (NIP

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