New Delhi: Fintech firm PhonePe on Tuesday said its users will now be able to make payments to international merchant outlets using the Unified Payments Interface system in five countries, including the United Arab Emirates, Nepal and Singapore. PhonePe users will be able to pay in foreign currency directly from their Indian bank – just like they do with an international debit card, the company said in a statement.
“The current launch supports all international merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan that have a localized QR code,” the statement said. PhonePe is the first fintech app to launch this feature in India. ,Also Read: Swiggy teases newlyweds Kiara Advani, Sidharth Malhotra with adorable posts, take a look,
The company has more than 435 million registered users. Indian customers need to hold foreign currency, or use their credit or foreign currency cards, to make payments at international merchant outlets, but with the ‘UPI International’ payment feature, PhonePe will now be able to use UPI to make payments using UPI. Can use Indian bank accounts. ,Also read: 18-year-old Canadian girl bought a lottery ticket on her birthday, won Rs 290 crore, bought an airplane,
UPI International is the first major step towards taking the UPI experience to the rest of the world. I am sure this launch will prove to be a game-changer and completely transform the way Indians traveling abroad pay at merchant outlets overseas,” said PhonePe CTO and Co-Founder, Rahul Chari.
During this year, NPCI in collaboration with NIPL (NPCI International Payments Limited) plans to bring UPI International to more countries, as well as enable greater merchant acceptance in regions where this facility is currently available. Is going on