2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USA
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Japan
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UAE
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France
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Detailed explanation-1: -The correct answer is France. National Payments Corporation Of India (NPCI) International has signed a Memorandum of Understanding (MoU) with Lyra Network for acceptance of UPI and RuPay Cards in France. It will allow Indians to pay using UPI and Rupay cards at terminals and machines of Lyra Networks in France.
Detailed explanation-2: -Non Resident Indians (NRIs) in 10 countries can access UPI services for transactions without having to depend on their India phone number. The countries are Singapore, US, Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, UAE and UK.
Detailed explanation-3: -Most recently, French payment technology company Worldline announced that it has reached an agreement with the NPCI that will enable the integration of RuPay and India’s real-time account-to-account (A2A) payment system, the Unified Payments Interface (UPI), into Worldline’s European infrastructure.
Detailed explanation-4: -National Payments Corporation of India (NPCI) and Central Financial institution Of Oman signed a historic MoU to launch the Rupay debit card in Oman.