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Burj Khalifa Becomes First UAE Tourist Attraction to Accept UPI

UPSC / SSC current affairs note · Economy

International RelationsEconomy

Why in news

Burj Khalifa's 'At the Top' now accepts UPI payments from Indian travellers, marking a milestone in UPI's global expansion. This is the first tourist attraction in the UAE to offer UPI for e-commerce transactions, enhancing convenience for Indian tourists.

Background

UPI (Unified Payments Interface) is an Indian real-time payment system developed by NPCI. It has been expanding internationally, with several countries accepting UPI for payments. The UAE has a significant Indian diaspora and is a popular tourist destination for Indians.

Key facts

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  1. At the Top, Burj Khalifa is the first tourist attraction in the UAE to accept UPI for e-commerce transactions.

  2. The integration was enabled through a partnership between NPCI, NEOPAY (UAE-based payment solution provider), and Emaar Entertainment.

  3. Indian travellers can now pay for Burj Khalifa tickets using UPI apps before they land in the UAE.

  4. Ticket prices: Silver (Level 124-125) AED 189 (~₹5,000), Gold (Level 148) AED 399 (~₹10,400), Platinum (Level 152-154) AED 769 (~₹20,000).

  5. This move aims to offer Indian travellers a familiar payment method, boosting tourism and digital payments.

Prelims pointers

  • UPI: Unified Payments Interface, developed by NPCI (National Payments Corporation of India).
  • NPCI: umbrella organisation for operating retail payments and settlement systems in India.
  • NEOPAY: UAE-based payment solutions provider.
  • Emaar Entertainment: operator of Burj Khalifa's 'At the Top'.
  • UAE: United Arab Emirates, a key trade and tourism partner of India.

Mains angles

  • Discuss the significance of UPI's global expansion for India's digital economy and soft power.
  • Examine the role of fintech partnerships in enhancing bilateral ties between India and the UAE.
  • Analyse the impact of digital payment integration on tourism and cross-border transactions.
Burj Khalifa Becomes First UAE Tourist Attraction to Accept UPI — UPSC Economy · in5points