PhonePe: News

PhonePe launched its Unified Payments Interface (UPI) services in the United Arab Emirates (UAE) for Indian travellers as well as NRIs residing in the country on March 28. This service will now allow PhonePe users to make rapid digital transactions by scanning a QR code at retail stores, dining outlets, and other tourist attractions. The service is being enabled through UAE’s major bank Mashreq via its Neopay terminals. Notably, a report recently claimed that WhatsApp was also testing international UPI payments via its mobile apps for Indian users. PhonePe said that users will be able to make UPI payments in UAE through Mashreq’s Neopay terminals, which is available across a wide range of outlets. The UAE-based bank partnered with the National Payments Corporation of India’s (NPCI) International Payments Limited (NIPL) in 2021. That collaboration paved the path for PhonePe to form a new partnership with Mashreq to utilize the terminals for its platform.