Singer Mika Singh tweeted that he was able to purchase at a high-end store at the Doha airport in Qatar using Indian cash. He praised Narendra Modi, the prime minister, “for enabling us to use our money like dollars.”
The tweet was published in the morning and has now received more than 5,400 likes and approximately 1.60 lakh views. Twitter fans praised Mika Singh for posting about the news online and welcomed the decision with open arms.
Many individuals left many responses on his tweet. In addition to Qatar, Dubai Duty Free also takes Indian rupees as payment. The new regulation went into effect on July 1, 2019, and all points of sale at Terminals 1, 2, and 3 of Dubai International Airport as well as at Al Maktoum International Airport now accept the currency. Customers receive their change in UAE dirhams rather than rupees, nevertheless.
There is a list of nations that accept Indian rupees. These include Zimbabwe, Bangladesh, Bhutan, Nepal, and the Maldives. However, there are limitations on the dollar amounts of Indian money that may be used in each nation.
Another significant development is the recent approval of Singapore and Thailand for India’s UPI digital payment system. A contract was inked in February between the two nations.
Real-time cross-border payments were made possible for the first time in India and Singapore’s payment systems were linked. Singapore is the source of about 6% of all remittances to India. In January, UPI transactions reached a record high of more than 8 billion transactions totaling about 13 lakh crore. It is the most widely used payment method in India.
To expand UPI internationally, the government has also made a number of additional moves. The RBI made the announcement about G-20 guests being able to use UPI payments to purchase in India during the same month. The government said last month that beginning on April 30, Indians living in ten other nations will get access to UPI.
