PhonePe Users Can Now Make UPI Payments in UAE via NEOPAY Terminals
we have Ritesh Pai - CEO, International Payments at PhonePe and Vibhor Mundhada, CEO of NEOPAY at Mashreq. National, March 29, 2024 : PhonePe App users traveling to the UAE can now make payments using UPI at Mashreq's NEOPAY terminals, available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. They simply need to scan the QR code for seamless and rapid payments. These transactions are facilitated by the Unified Payments Interface (UPI). The account debit will occur in INR, showing the currency exchange rate. Additionally, NRIs with UAE mobile numbers can also download the PhonePe App and link their existing NRE and NRO accounts to facilitate payments. This aims to enhance the ease and convenience of transactions for the Indian diaspora in the UAE. This collaboration is facilitated through Mashreq’s partnership with NPCI International Payments Limited (NIPL). Through this partnership, Mashreq has enabled NEOPAY terminals t...