Phonepe UPI International Activate | Phonepe International Upi Launched | Phonepe Upi New Update
All international merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR code are supported.
PhonePe, which has the most market share by the number of UPI transactions, now supports international payments through which Indians travelling abroad can pay foreign merchants using UPI. This makes it the first fintech platform in the country to have such a facility.
PhonePe has introduced ‘UPI International,’ a facility with which PhonePe users travelling to international destinations can pay foreign merchants via UPI, and in the currency of that country. With ‘UPI International,’ PhonePe, the most widely used UPI app in India, has become the first Indian fintech company to enable payments abroad.
Under this, Indian banks will deduct the amount from the user's bank account, and make the payment in the receiver's local currency. This is similar to international debit card transactions.
The facility is to be activated on the PhonePe app itself, and this can be done at the location of the merchant, or before the trip. The customer will have to enter his/her UPI pin to activate.
For now, online transactions are available for local merchants in Bhutan, Mauritius, Nepal, Singapore and the UAE. More countries will be added soon.
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