Home
Apps
Apps News
PhonePe Announces UPI Services in UAE for Travelling Indian Users: Know All Details

PhonePe Announces UPI Services in UAE for Travelling Indian Users: Know All Details

PhonePe has enabled UPI services in UAE via Neopay terminals of Mashreq, which partnered with NPCI in 2021.

Written by Akash Dutta, Edited by Siddharth Suvarna | Updated: 1 April 2024 13:34 IST

PhonePe Announces UPI Services in UAE for Travelling Indian Users: Know All Details

Photo Credit: PhonePe

NRIs in UAE can also link their NRE and NRO accounts with PhonePe to make UPI payments

Click Here to Add Gadgets360 As A Trusted Source

Highlights

UPI payments in UAE will occur in INR and show the currency exchange rate
The Neopay terminals are available across retail stores and dining outlet
WhatsApp is also said to be testing international UPI payments

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.

In a press release, 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 utilise the terminals for its platform.

“We aim to actively collaborate with financial institutions around the world, fostering partnerships to deliver convenient and secure cross-border payment solutions for consumers. This partnership encourages fintech collaboration and unifies the ecosystem to streamline payment processes for Indian travelers to UAE,” Anubhav Sharma, Deputy Chief – Partnership Business Development & Marketing, NIPL said.

iPhone SE 4 Leaked Case Renders Suggest These Design Changes

The service will work in a fairly straightforward way. Users can simply scan the QR code located at the outlets to make payments. The transaction will occur in Indian currency while the users will see the currency exchange rate for transparency. Non-Resident Indians (NRIs) will also be able to avail this service using UAE mobile numbers by downloading the app and linking their existing Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts. The company said that this service is aimed at enhancing the convenience of transactions for the Indian community in the UAE.

Ritesh Pai, CEO of International Payments, PhonePe said at the launch of the service, “We are thrilled to announce our partnership with Mashreq. UAE is a very popular destination, with millions of Indian visitors every year. With this partnership, customers can now conveniently transact through UPI, a payment method they are familiar with.”

Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: PhonePe, UPI, NPCI

Akash Dutta Email Akash Dutta

Akash Dutta is a Chief Sub Editor at Gadgets 360. He is particularly interested in the social impact of technological developments and loves reading about emerging fields such as AI, metaverse, and fediverse. In his free time, he can be seen supporting his favourite football club - Chelsea, watching movies and anime, and sharing passionate opinions on food. More

Bitcoin Steps into April with Small Gains, Altcoins See Slight Relief from Volatility

PhonePe Announces UPI Services in UAE for Travelling Indian Users: Know All Details

Related Stories