Connect with us

Business

Indians Can Now Make Payments Through UPI Across Qatar

Published

on

Indians Can Now Make Payments Through UPI Across Qatar


New Delhi: Indian travellers can now use Unified Payments Interface (UPI) in Qatar, with Qatar Duty Free outlets becoming the first merchant to go live, according to a release from NPCI International Payments Limited (NIPL). The development comes through a partnership between NIPL and Qatar National Bank (QNB), enabling UPI acceptance across Qatar via QR code-based transactions at point-of-sale terminals. The system is powered by NETSTARS’ payment solution and is expected to ease transactions for Indian visitors, who are the second largest group of international tourists to Qatar.

The introduction of UPI in Qatar allows Indians to make real-time payments at tourist attractions and retail outlets, reducing the need for cash or currency exchange. The move will also support Qatar’s retail and tourism sectors by boosting transaction volumes for merchants acquired by QNB.

Ritesh Shukla, MD & CEO of NIPL, said, “We aim to enhance the acceptance of UPI globally and create a truly interoperable global payment network. The partnership with QNB is a step towards this journey. It will help millions of Indian travellers make seamless, secure digital transactions and reduce their dependence on cash. As UPI makes its mark, we are focused on driving interoperability and making cross-border payment experiences hassle-free for users.”

Add Zee News as a Preferred Source


From Qatar’s perspective, the introduction of UPI is being seen as a boost for its economy. Yousef Mahmoud Al-Neama, Group Chief Business Officer of QNB, said, “We are excited to introduce UPI in Qatar and proud to be at the forefront of innovating the payment landscape.

This milestone not only enhances the convenience for Indian travelers but also brings significant benefits to the Qatari market by promoting cashless transactions, boosting retail and tourist sectors, and strengthening interoperability in the payments ecosystem. Importantly, it will also enable local merchants to thrive by attracting more customers and providing them with seamless digital payment options.”

Qatar Duty Free, which operates outlets at Hamad International Airport, is the first merchant to offer UPI payments.

Thabet Musleh, Chief Retail & Hospitality Officer, Qatar Airways Group, said, “At Qatar Duty Free, we are committed to enhancing convenience and accessibility for travellers. As the first entity in Qatar to enable UPI as a payment option, we are proud to offer Indian travellers a seamless, secure, and cashless transaction experience at our outlets. This partnership with NPCI International and Qatar National Bank reflects our dedication to embracing innovative payment solutions that cater to the evolving needs of our diverse customer base. By integrating UPI, we aim to elevate the retail experience at Hamad International Airport, ensuring a smoother journey for millions of visitors.”

Technology partner NETSTARS also highlighted the significance of the launch.

Tsuyoshi Ri, Representative Director and CEO of NETSTARS Co., Ltd., said, “We are honoured to be part of this strategic partnership and milestone, enabling UPI for the first time in Qatar together with NPCI International, Qatar Airways Group and Qatar National Bank. This aligns with our mission to expand seamless and secure payment experiences globally. We are proud to contribute to this launch in Qatar, which will empower local merchants in Qatar to accept digital payments conveniently and efficiently from millions of international travellers.”



Source link

Business

The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game

Published

on

The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game




Source link

Continue Reading

Business

Major UK supermarket to stop selling mackerel in coming weeks

Published

on

Major UK supermarket to stop selling mackerel in coming weeks


Waitrose is set to remove mackerel from its shelves amid escalating concerns over unsustainable fishing practices.

The retailer said that it is the first major UK supermarket to suspend sourcing of the popular fish.

It said that fresh, chilled, and frozen mackerel, primarily sourced from Scottish waters, will be unavailable to shoppers by 29 April. Tinned varieties will follow once the current stock is depleted.

Conservationists are welcoming the move and urging other supermarkets to follow suit.

The measure comes as governments have repeatedly failed to implement catch limits recommended by scientists, jeopardising the long-term viability of mackerel stocks.

The International Council for Exploration of the Sea (ICES) has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels.

With the stock consistently fished above sustainable thresholds, this translates to a 77 per cent cut on the 755,143 tonnes scientists estimated would be caught in 2025.

Mackerel’s sustainability rating has worsened in the face of overfishing (Alamy/PA)

Overfishing has resulted in depleting mackerel stocks in the north-east Atlantic, with Ices saying the species, and the wider fishing industry, could face long-term risks unless countries stick to recommended catch limits.

Waitrose said the decision in December by four of the coastal states which fish mackerel to cut catches by 48 per cent was a step forward, but did not meet Ices advice.

North-east Atlantic mackerel will no longer meet the supermarket’s responsible sourcing requirements in line with the Sustainable Seafood Coalition codes of conduct, the retailer said.

Jake Pickering, head of agriculture, aquaculture and fisheries at Waitrose, said: “By suspending sourcing of mackerel at Waitrose we are reinforcing our ethical and sustainable business commitments, acting to tackle overfishing and protect the long-term health of our oceans and this crucial fish.

“Our customers trust us to source responsibly, and we are closely monitoring the fishery.

“We look forward to bringing mackerel back to our shelves once it meets our high sourcing standards.”

As alternatives, Waitrose is launching a new range of fish products including hot smoked herring, hot smoked peppered herring and hot smoked sweetcure seabass, all of which are Marine Stewardship Council (MSC) certified.

The retailer said it would also introduce MSC-certified frozen sardines from May as a sustainable replacement for frozen mackerel, and plans to become the first retailer to sell 100 per cent MSC tinned sardines.

Waitrose said it would maintain its relationship with its mackerel suppliers and its new supply of herring, seabass, sardines and trout will be sourced through current supplier partnerships.

But there is currently no predetermined time-frame as to when Waitrose will start sourcing mackerel again.

The International Council for Exploration of the Sea has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels

The International Council for Exploration of the Sea has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels (Alamy/PA)

Marija Rompani, director of ethics and sustainability at the John Lewis Partnership, said: “We believe sustainable food production must balance climate action, nature protection and responsible fish sourcing is fundamental to protecting our oceans.

“We will continue to work closely with suppliers and industry partners to support the recovery and responsible management of fish stocks.”

Charles Clover, co-founder of conservation charity Blue Marine Foundation, said mackerel – one of the largest remaining commercial fish stocks in the north-east Atlantic – had declined 75 per cent in the last 10 years because fishing nations, including the UK, had overfished it.

“They have put too little effort into the task of reaching agreement on a sharing arrangement – and some countries have been awarding themselves more quota than is justified by science,” he said.

“This crisis has been ignored for too long.

“We hope that this action by Waitrose sends it to the top of the political agenda. We call on other retailers to follow Waitrose’s example.”



Source link

Continue Reading

Business

If Your Salary Never Lasts Till Month-End, These 5 Mistakes Might Be Why

Published

on

If Your Salary Never Lasts Till Month-End, These 5 Mistakes Might Be Why




Source link

Continue Reading

Trending