PhonePe becomes first Indian fintech to allow UPI payments abroad

According to the company, all international merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR code are supported.

A PhonePe user can activate the bank account that is linked to UPI for UPI international on the app. The company said this can either be done at the location where they wish to make the payment or prior to the trip, and requires the user to enter the UPI pin to activate the service. With this facility, a customer wouldn't need a credit card or forex card for making payments outside India.

“UPI international is the first major step in letting the rest of the world experience UPI too. I am sure this launch will prove to be a gamechanger and will completely transform the way Indians traveling overseas pay at merchant outlets abroad,” said Rahul Chari, the company’s co-founder and CTO.

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