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UPI Launched at Lulu Stores in Qatar

7 October 20251 min read
BANKING & FINANCEUPI Launched atLulu Stores inQatar7 October 2025safalsetu.com

Why in the news

UPI widened its overseas reach, starting at Lulu Group stores after airport duty-free outlets in Qatar adopted it a month earlier.

Key facts

  • Implementer: NPCI International Payments Ltd (NIPL), with Qatar National Bank and Japan’s NETSTARS.
  • Purpose: real-time, cheap payments for residents and tourists; closer India–Qatar financial links; cheaper remittances.

About UPI

Started in 2016 by NPCI; moves money instantly between bank accounts using QR codes or phone numbers.

Exam angle

  • Qatar: 8th UPI country.
  • Rollout arm: NIPL.

Test yourself

1. Which country became the 8th to accept UPI payments after the Lulu Group launch?

Qatar became the 8th country to accept UPI.

2. Which body leads the international rollout of UPI as mentioned in the Qatar launch?

NIPL partnered QNB and NETSTARS for the launch.

3. In which year was UPI launched by NPCI, as per the Qatar launch notes?

UPI was launched in 2016 by the National Payments Corporation of India.