Great news for Indian travelers! PhonePe, one of India’s popular digital payment apps, is now available in the UAE. This means you can now make quick and easy payments using UPI (Unified Payments Interface) at NEOPAY terminals across the UAE.
Convenient Payments for Indian Travelers
The users can now use their app to make payments at various places in the UAE, including restaurants, entertainment spots, and retail stores. This is made possible through a partnership between Mashreq Bank and NPCI International Payments Limited (NIPL), allowing NEOPAY terminals to accept UPI payments.
Exciting news! PhonePe users traveling to UAE can now pay via UPI at Mashreq’s NEOPAY terminals in various retail, dining, and leisure attractions.
— PhonePe (@PhonePe) March 28, 2024
All thanks to @NPCI_NPCI and @neopayme partnership
??Click here to read more:https://t.co/yy00g2dEIf pic.twitter.com/WheQn0sxzo
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PhonePe in the UAE: How It Works
With PhonePe in the UAE, Indian travelers can pay in Indian Rupees (INR), making the process smooth and straightforward. Just scan the QR code at any NEOPAY terminal, and the payment will be processed at the current exchange rate, eliminating the need for currency conversion.
Advanced Technology Meets Innovation
This collaboration combines PhonePe’s advanced payment technology with Mashreq’s innovative business practices. It not only makes traveling and shopping easier but also plans to introduce inward remittance services soon. This will allow money transfers without the need for complex details like IFSC codes or bank account numbers.
Strengthening Financial Bonds
This move is expected to strengthen the financial connections between India and the UAE. By making payments easier for Indian travelers, PhonePe and Mashreq are enhancing the overall travel experience and supporting strong financial ties between the two nations.
Enjoy hassle-free payments at NEOPAY terminals. This partnership not only simplifies transactions but also reinforces the financial relationship between India and the UAE.
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