back Back

Paytm goes global, facilitates UPI payments for Indians abroad

By Gloria Mathias

November 21, 2024

  • Bhutan
  • Fintech news
  • FinTech solutions
Share

PaytmPaytm, Fintech News, Fintech Solutions, India news, India Payments, Payments Technology, Payments Solutions, UPI, Global UPI payments, India News, India Fintech News, , India’s payments and financial services company, has enabled users to make international UPI payments to specific global locations.

Indian travellers can now use their Paytm UPI app to make seamless, cashless payments at destinations where UPI is accepted, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. This enhancement allows users to conveniently pay for shopping, dining, and local experiences abroad using UPI for international payments through their Paytm app.

Setting up UPI international on the Paytm app is quick, with a one-time activation linked to the user’s bank account. When scanning a UPI-enabled QR code abroad, the app will prompt activation automatically for easy access. Travellers can choose a usage period from 1 to 90 days based on their trip and can deactivate the service anytime to ensure payments are only made when intended. This feature helps prevent accidental transactions with foreign merchants once users are back in India, offering added security and control. During the payment process, users can view the exact foreign exchange rates and any conversion fees applied by their bank, ensuring full transparency for UPI international transactions before completing the payment.

Paytm’s UPI international service enables travellers to manage their spending with ease and control at iconic global destinations. From vibrant eateries and shopping spots in Dubai, popular marketplaces in Singapore, and bustling beach markets in Mauritius to artisanal craft shops in Bhutan and local shopping venues in Nepal, travellers can now enjoy seamless, cashless payments through UPI for international payments on the Paytm app wherever it’s accepted.

Paytm spokesperson said, “As the pioneer of mobile payments in India, we are consistently innovating to bring greater convenience to our users. With UPI International, we’re thrilled to extend this ease to Indian travellers, enabling them to make secure, cashless payments in countries like the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. With the upcoming holiday season, we are sure that this launch will make foreign travel even more convenient for users. This expansion reflects our commitment to leveraging technology that empowers our users wherever they are in the world.”

Previous Article

November 21, 2024

Zimswitch taps ACI Worldwide to tackle payment fraud in Zimbabwe

Read More
Next Article

November 25, 2024

Celero Commerce acquires Precision, an electronic payments solution

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Beyond Bank & Cognizant team to modernise customer-owned banking

Read More

Today

Ayan Capital bags $3.6m to expand Islamic FinTech solutions in the UK

Read More

Today

Can tech-driven CFOs lead the next wave of innovation in financial services?

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More