Indian digital platform PhonePe partners with Mashreq Bank's NEOPAY Terminals to enable UPI payments in the UAE.

Indian digital payment platform PhonePe has partnered with Mashreq Bank's NEOPAY Terminals, enabling PhonePe app users in the UAE to make UPI payments at various retail stores, dining outlets, and tourist attractions. Transactions will be facilitated through UPI, with the account debited in Indian Rupee. Indian tourists and visitors in the UAE can now conveniently use UPI for transactions, and the platform aims to introduce inward remittance services once the corridor for inward remittances is enabled.

March 28, 2024
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