India’s First Fintech Company Phonepe launched the Cross-border UPI Payments system

India’s First Fintech Company Phonepe launched the Cross-border UPI Payments system

Daily Current Affairs / India’s First Fintech Company Phonepe launched the Cross-border UPI Payments system

Change Language English Hindi

Category : Business and economics Published on: February 11 2023

Share on facebook

PhonePe, India’s largest digital payment company has launched support for ‘UPI international’ payments and this feature allows PhonePe’s Indian users traveling abroad to instantly pay foreign merchants using UPI.
Walmart-backed PhonePe said it is the first Indian fintech app to launch the service.
Users will be able to make payments in the foreign currency directly from their Indian bank- just like they do with international debit cards.
The current launch supports all international merchant outlets in UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR code.
PhonePe was founded in December 2015 and it has emerged as India’s largest payments app. With 435 million registered users, one in four Indians are now on PhonePe.

Recent Post's

Air Marshal Manish Khanna takes over command of Southern Air Command.
Read More....
Ukraine carries out its longest-range drone strike, damaging 40+ Russian aircraft.
Read More....
D Gukesh scores first classical win over Magnus Carlsen at Norway Chess 2025.
Read More....
Government issues guidelines to boost electric car manufacturing in India.
Read More....
Kabaddi star Pardeep Narwal retires at 28 after going unsold in PKL auction.
Read More....
Glenn Maxwell retires from ODIs to focus on 2026 T20 World Cup.
Read More....
India finishes second with 24 medals at 2025 Asian Athletics Championships.
Read More....
India to build its first Polar Research Vessel with Norway's Kongsberg.
Read More....
Srihari Nataraj clocks fastest-ever Indian time in 200m freestyle at Singapore Nationals.
Read More....
Mohammadreza Shadloui fetches ₹2.23 crore in PKL 12, sets auction record.
Read More....