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PhonePe launches UPI international service for users
February 08, 2023
Phonepe Users will be able to make payments in the foreign currency directly from their Indian bank – just like they do with international debit cards, 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 local QR code,” the statement said, adding that PhonePe is the first fintech app to launch this feature in India.
Indian customers need to use a foreign currency, or their credit or forex cards to pay at international merchant outlets but with ‘UPI international’ payments feature, PhonePe can now use their Indian Bank accounts to pay using UPI.
“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,” Pho Pe CTO and Co-Founder, Rahul Chari said.
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