Good news for PhonePe users, now they will be able to make UPI payments in UAE also!

PC: Equitypandit

PhonePe has brought good news for its users. Now you will be able to make UPI payments in the United Arab Emirates (UAE) also.

PhonePe has announced a new service that aims to facilitate Indian travellers to make payments through the PhonePe app at Mashreq’s NeoPay terminals located at various retail stores, dining outlets and tourist destinations across the United Arab Emirates (UAE).

In the UAE, PhonePe has partnered with Mashreq and NPCI International Payments Limited (NIPL) for this new service, which is part of the Indian government’s plan to expand UPI services beyond India.

PC: HT Tech

The launch of PhonePe’s UPI service in the UAE is expected to reduce the need for international cards. Tourists traveling to UAE from India can now pay at Mashreq’s NeoPay terminals by scanning a QR code using their PhonePe app. Interestingly, users will also be able to view exchange rates in Indian Rupees and debit their accounts.

After launching its UPI service in the UAE, PhonePe plans to expand the transaction process to other regions as well. The company aims to use the UPI system for transactions and completely eliminate the need for bank account numbers and IFSC codes.

PC: Business Today

It is noteworthy that the use of the Unified Payments Interface (UPI) is increasing in many other countries outside India. Indian citizens can now use UPI in countries like UAE, Nepal, Bhutan, Singapore, France, Mauritius and Sri Lanka.