PhonePe Service: Fintech company PhonePe has introduced a new service for its users to make payments abroad. On Tuesday, the payment app said that users of the phone will be able to make payments at international outlets using the Unified Payments Interface system in five countries, including the United Arab Emirates, Nepal and Singapore.
The company said in a statement that PhonePe users will be able to make payments in foreign currency directly from their Indian bank. This payment will be done in the same way as it is done with an international debit card. The company providing digital payment facility has currently introduced this service for five new countries.
In which countries the service is offered
PhonePe has implemented international payment service in UAE, Singapore, Mauritius, Nepal and Bhutan. This service is the QR code of all international merchant outlets. PhonePe is the first fintech app to launch this feature in India. Please tell that the company has more than 435 million registered users.
Foreign currency will not be needed
If someone goes abroad from India, then he has to use the currency of that country to make payment, but now using PhonePe’s ‘UPI International’ service, he can pay in five countries. For this you will not need to convert Indian currency.
plans to expand to other countries
PhonePe CTO and co-founder Rahul Chari said that in the coming time this service will be extended to other countries as well. The company has plans to bring it to more countries. Also contacted traders in that area. He said that this facility will prove to be a game changer.
Foreign tourists will be helped
If you have gone on a tour in UAE, Singapore, Mauritius, Nepal and Bhutan, then you can easily buy things with the UPI international service of PhonePe. Even if you do not have foreign currency, you can buy things according to your convenience.