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. |