Doha, Oct 07,2025 | SKY LINK TIMES
In a landmark move to enhance financial connectivity and bilateral trade, Union Minister of Commerce and Industry Piyush Goyal officially launched India’s Unified Payments Interface (UPI) in Doha, Qatar, at the Lulu Mall, marking a new era in digital cooperation between the two nations.
The launch of UPI in Doha, Qatar not only promotes India’s global fintech leadership but also strengthens economic and people-to-people ties between India and Qatar.
Piyush Goyal: “UPI Is a Symbol of Trust and Innovation”
During the launch, Minister Goyal highlighted the transformative potential of UPI, stating,
“It is not just a technology solution or digital payment platform, but one that can revolutionise trade between Qatar and India. UPI is a celebration of India’s technology and trust.”
He emphasized that UPI will enable real-time, low-cost, and secure cross-border payments, fostering faster movement of capital and expanding business opportunities for both Indian and Qatari enterprises.
ALSO READ: https://skylinktimes.in/indigo-resumes-india-china-flights-after-5-years/
India’s UPI — A Global Success Story
Since its launch in 2016, UPI has emerged as one of India’s biggest digital payment revolutions, powering 85% of the country’s online transactions and nearly 50% of global digital payments.
With over 640 billion transactions processed annually, it continues to reinforce India’s dominance in fintech innovation and financial inclusion worldwide.
The launch of UPI in Doha represents another step in India’s goal of internationalizing UPI, with successful integrations already established in countries like Singapore, UAE, France, and Nepal.
Strengthening India-Qatar Relations by Launching UPI in Doha
Earlier in the day, Piyush Goyal co-chaired the India-Qatar Ministerial Joint Commission on Economic and Commercial Cooperation with Qatar’s Minister of Commerce and Industry Sheikh Faisal bin Thani bin Faisal Al Thani.
The discussions focused on trade expansion, investment facilitation, and technological cooperation in line with the shared vision of both nations’ leadership.
Goyal also addressed the India-Qatar Joint Business Council, urging businesses to deepen collaboration in energy, infrastructure, fintech, food processing, and tourism. He noted that both economies have the potential for shared growth and prosperity through sustained partnerships.
For More Info Stay Tuned: https://skylinktimes.in
