Multiple memoranda of understanding, including an MoU on interlinking of the instant payment platforms – UPI and UAE’s AANI, were exchanged between India and the United Arab Emirates in the presence of Prime Minister Narendra Modi and UAE President Mohammed bin Zayed Al Nahyan. This will facilitate seamless cross-border transactions between the two countries. The MoUs covered multiple areas, ranging from investment treaty, digital infrastructure projects and the interlinking of debit cards, credit cards and the online payment platforms.
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