Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals.
These transactions are facilitated by UPI, and the account debit will occur in Indian rupees, with the terminals showing the currency exchange rate, PhonePe said in a Thursday (March 28) press release.
Non-resident Indians with UAE mobile numbers can download the PhonePe app, link their non-resident external and non-resident ordinary accounts, and facilitate payments in the UAE, according to the release.
These capabilities are enabled by partnerships of Mashreq and NPCI International Payments Limited, which allows Neopay terminals to accept UPI apps as a payment instrument, and of Mashreq and PhonePe, the release said.
“UAE is a very popular destination, with millions of Indian visitors every year,” Ritesh Pai, CEO of international payments at PhonePe, said in…
