• UGI USER
  • Feb 15, 2024
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INDIA, UAE INK PACTS ON LINKING DIGITAL PAYMENT PLATFORMS, TRADE, ENERGY

Why  in the news?

  • India UAE pact involves Bilateral Investment Treaty aimed to boost investments in both countries.
  • Connecting digital payment platforms such as UPI (India) and AANI (UAE) to facilitate cross-border transactions.
source:rauias

Highlights of India, UAE ink pacts:

  • Cooperation in energy sector and digital infrastructure projects discussed.
  • Agreements on cultural cooperation and heritage preservation signed.
  • Agreements on port infrastructure development and connectivity enhancement between RITES Limited, Gujarat Maritime Board, and Abu Dhabi Ports Company.
About  Al Etihad Payments (AANI) UAE

●   AANI is a digital payments platform developed by Al Etihad Payments (AEP), a UAE Central Bank subsidiary.

●   Offers instant fund transfers up to AED 50,000.

Features include Proxy Payments, QR-code-based Payments, Request to Pay, and Split Payments.