Digital payment firm, PhonePe has launched a new feature enabling cross-border UPI payments among Indian users.
In a statement the company said ‘UPI International’ has been designed to facilitate safe and easy transactions for millions of Indians travelling overseas with users able to make payments in foreign currency directly from their Indian bank using UPI.
Historically, Indian customers have needed to use a foreign currency, or their credit or forex cards to pay at international merchant outlets. The launch currently supports all international merchant outlets that have a local QR code in UAE, Singapore, Nepal, and Bhutan.
“Over the past six years, all over India, we have been lucky to experience the UPI payments revolution transforming our daily lives. 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 game-changer and will completely transform the way Indians traveling overseas pay at merchant outlets abroad, said Rahul Chari, Co-Founder & CTO, PhonePE.
He added, “PhonePe has always prided itself in being the first TPAP to take new UPI features to the market, and this time is no different. We are glad that PhonePe is leading this change. The entire world needs to experience UPI.”
