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PhonePe UPI payments can be made through Neopay in UAE
According to the company, users of the PhonePe App who are visiting the UAE can now pay using UPI at Mashreq’s NEOPAY Terminals.
According to a statement from PhonePe, the Unified Payments Interface (UPI) will enable transactions, and the account debit will take place in Indian rupees. At the same time, the currency exchange rate is displayed.
PhonePe CEO for International Payments, Ritesh Pai said, “With this partnership, customers can now conveniently transact through UPI, a payment method they are familiar with. Enabling digital payments not only reflects PhonePe’s commitment to convenience but also embraces the evolving needs of today’s travellers.”
Retail establishments, restaurants, and leisure and tourism centers currently have NEOPAY Terminals available. Mashreq has made it possible for NEOPAY Terminals to accept UPI apps as a form of payment thanks to its cooperation with NPCI International Payments Limited (NIPL), which facilitates the collaboration.
Vibhor Mundhada, CEO of NEOPAY at Mashreq, said, “We are delighted to collaborate with PhonePe to offer yet another new payment solution for Indian tourists and visitors in the UAE, helping further cement the already strong financial relations between the two countries. This latest launch underscores our commitment to incorporating innovation and technology into our operations and to providing the solutions and experiences our customers want and need.”
Additionally, PhonePe stated that after the inward remittance corridor is activated, it will launch inward remittance services.
