- India has recently signed an agreement with the United Arab Emirates for the Domestic Card Scheme.
- This agreement has been signed to increase digital payments and e-commerce in UAE like RuPay card in India.
- This agreement was signed by Union Commerce and Industry Minister Piyush Goyal and UAE Minister of Advanced Technology Sultan Al Jaber.
- This agreement was signed by NPCI of India. International Payments Limited and UAE’s Al Etihad Payments.
- The main objective of the Domestic Card Scheme is to facilitate the growth of e-commerce and digital transactions in the UAE, promote financial inclusion, promote alternative payment options.
