NPCI International Payments Ltd (NIPL), the international arm of NPCI, has entered the UAE market by partnering with NeoPay, the payment subsidiary of Mashreq Bank. BHIM UPI service has been made live on NeoPay terminals.
In the First initiative of the digital payments platform, the Phone Pe and Extreme IX (Internet Exchange) collaborated to provide faster digital payment service to over 370 million PhonePe users by decreasing the latency irrespective of their location or Internet Service Providers (ISPs).
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