Phonepe international upi launched | phonepe international upi activate kaise kare | upi payment

Phonepe international upi launched | phonepe international upi activate kaise kare | what is upi ?
#indhinditech
PhonePe users can now pay using UPI in other countries.
PhonePe becomes first Indian fintech to allow UPI payments abroad.
Banking related Channel Link :-    / indbankingpoint  
------------------ ------------------------------------- --------------
--------------------------------------------------------------------
Join Telegram :- https://t.me/indhinditech
or
Search on telegram @indhinditech
facebook Page :-   / indhinditech  
Instagram :-   / gautamckj  

twitter :- https://bit.ly/3k5Yhdc
🙏🙏🙏🙏🙏🙏
please dosto is video ko like share kare aur channel ko subscribe jarur kare...

All international merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR code are supported.
PhonePe, which has the most market share by the number of UPI transactions, now supports international payments through which Indians travelling abroad can pay foreign merchants using UPI. This makes it the first fintech platform in the country to have such a facility.

PhonePe has introduced ‘UPI International,’ a facility with which PhonePe users travelling to international destinations can pay foreign merchants via UPI, and in the currency of that country. With ‘UPI International,’ PhonePe, the most widely used UPI app in India, has become the first Indian fintech company to enable payments abroad.

Under this, Indian banks will deduct the amount from the user's bank account, and make the payment in the receiver's local currency. This is similar to international debit card transactions.

The facility is to be activated on the PhonePe app itself, and this can be done at the location of the merchant, or before the trip. The customer will have to enter his/her UPI pin to activate.

For now, online transactions are available for local merchants in Bhutan, Mauritius, Nepal, Singapore and the UAE. More countries will be added soon.

PhonePe has developed UPI International in collaboration with the NPCI Payments International Limited (NPIL), a subsidiary firm of the National Payments Corporation of India (NPCI). NPIL was launched in August 2020.

The service, which eliminates the need for international cards (credit, debit and forex), is available for download on both Android and iOS devices.