Connect with us

Business

UAE will be first Middle East country to issue RuPay card

Published

on

Dubai: The UAE will be the first Middle East country to launch the RuPay Card during Prime Minister Narendra Modi’s visit to the Gulf nation on Friday, according to a media report. The RuPay card is a first-of-its-kind Indian domestic Debit and Credit Card payment network, with acceptance at ATMs, POS devices and e-commerce websites. It was launched in 2012.

“A Memorandum of Understanding to establish a technology interface between the payment platforms in India and UAE, would be exchanged between the National Payments Corporation of India and UAE’s Mercury Payments Services,” Navdeep Singh Suri, the Indian Ambassador to the UAE, told the news agency.

“This will enable the RuPay card to be used at point-of-sale terminals across the UAE,” he said. “The UAE is the largest and most vibrant business hub in the region. It hosts the largest Indian community, receives the largest number of Indian tourists and has the largest trade with India. By becoming the first country in the region to introduce the RuPay card, we expect that each of these elements of tourism, trade and the Indian diaspora will benefit,” Suri said.

India has already launched the RuPay card in Singapore and Bhutan. Prime Minister Modi’s third official visit to the UAE on August 23-24 is another important milestone in the bilateral comprehensive strategic partnership, the Indian envoy said. During the visit, Modi will receive the ‘Order of Zayed’, the highest civil decoration of the country for “giving a big boost to bilateral relations between the two countries.” Modi would also meet the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan to discuss bilateral, regional and international matters of mutual interest. The India-UAE bilateral trade touched almost $60 billion last year with a fairly balanced profile of about $30 billion of exports and $30 billion of imports, the envoy said.

Business

Infosys to hire 1,000 Americans for its Arizona centre by 2023

Published

on

By

Bengaluru: Global software major Infosys has opened a technology centre at Phoenix in Arizona, US, to accelerate innovation for its American enterprises. “We will hire 1,000 American techies over four years to work at the centre in the southwestern state for the local enterprises,” said the city-based IT behemoth in a statement, here on Saturday. Arizona Governor Doug Ducey inaugurated the centre in the presence of state officials, company executives, employees and representatives of a few enterprises.

The centre, housed at the Arizona State University (ASU), will focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science and cyber security. “Our investment in the centre will attract local and global talent. Hiring is underway to recruit around 500 techies by 2020 and reduce the IT skills gap in the state,” it said. Agencies Infosys Chief Executive Salil Parikh said the Arizona centre, the company’s sixth of its kind in the US since 2017, was set up to help local enterprises go for digital transformation at the earliest.

“The centre allows us to collaborate with our clients across the country in an agile manner,” said Parekh. The centre will also leverage and empower the workforce to bridge the skill gap in the market and accelerate the digital agenda of its clients. “Our focus will be on harnessing, modelling and scaling a new model for workforce development in the US, where the private sector has a key role to implement it (model) or learning and on-the-job training,” said company’s president Ravi Kumar.

The centre will allow the company to develop cross-functional solutions to pressing business challenges in machine learning, artificial intelligence, user experience and advanced digital technologies, such as big data and cloud. As part of its commitment to workforce development and bridging the STEM (Science, Technology, Engineering and Mathematics) skill gap in the US, the $11 billion outsourcing firm also announced a partnership with InStride to allow its employees complete degree programmes and education courses through ASU.

“Infosys’ commitment to Arizona and learning speaks of the strength of talent in our community. We welcome it as a partner that will boost our competitiveness in the global economy,” said ASU president Michael Crow.

Continue Reading

Trending