PhonePe becomes first Indian fintech to allow UPI payments abroad

PhonePe has launched a service that will allow the fintech firm’s Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI).

UPI international’ support merchant outlets in UAE, Singapore, Mauritius, Nepal, and Bhutan that have a local QR (quick response) code.

Users will be able to make direct payments in a foreign currency from their Indian bank. Walmart-backed PhonePe claimed it is the first Indian fintech app to launch the service.