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Paytm Expands UPI to UAE, France, Singapore, and More for Global Cashless Payments

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Paytm Expands UPI to UAE, France, Singapore, and More for Global Cashless Payments
20 Nov 2024
5 min read

News Synopsis

Indian travelers can now enjoy a seamless cashless payment experience abroad with Paytm’s new UPI International feature. Developed by One97 Communications Limited (OCL), the parent company of Paytm, this service extends Paytm's Unified Payments Interface (UPI) to international markets, enabling users to make payments in a variety of countries. The service is available in key global destinations including the UAE, France, Singapore, Mauritius, Bhutan, and Nepal, where UPI is accepted.

UPI International: A Game-Changer for Indian Travelers

With the introduction of UPI International, Indian travelers can now make hassle-free payments at popular international locations. Whether you're shopping in Dubai, dining in Paris, or enjoying the markets in Mauritius, Paytm's UPI International ensures you can make secure payments without the need for foreign currency or international cards. Users simply need to scan UPI-enabled QR codes at merchant outlets across participating international locations.

Paytm's spokesperson highlighted the vision behind UPI International, emphasizing its role in providing greater convenience to Indian travelers. "We are consistently innovating to bring greater convenience to our users. With UPI International, we're excited to extend our mobile payment solutions to travelers, making it easier to pay securely across various countries," the spokesperson shared.

How UPI International Works

Setting up UPI International is simple and quick. Travelers need to activate the service just once, linking it to their bank account through the Paytm app. Once users scan a UPI-enabled QR code abroad, the app automatically triggers the service. Depending on the duration of their trip, travelers can select a usage period between 1 to 90 days. The service can be deactivated once they return to India, ensuring that there are no accidental transactions post-trip. This feature enhances security and controls expenses during international travel.

In addition to the convenience of using UPI internationally, the Paytm app also shows real-time foreign exchange rates and conversion fees during transactions. This transparency allows users to make informed decisions about their spending.

UPI Statement Download for Easy Expense Management

For enhanced financial control during travel, Paytm recently introduced a UPI statement download feature. This allows users to access detailed records of their international transactions, making it easier to track and manage their budget while abroad. The feature proves to be especially beneficial for travelers who wish to keep track of their expenditure in real time.

Additional Features of the Paytm App

Besides UPI International, Paytm offers a variety of other useful features for both local and international users. UPI Lite facilitates small transactions, while RuPay credit card linking with UPI offers additional payment flexibility. The auto-pay feature simplifies recurring bill payments, ensuring users never miss an important due date. Paytm also supports peer-to-peer (P2P) transfers across bank accounts and other UPI platforms, ensuring a seamless and interoperable payment ecosystem.

As Paytm continues to innovate and expand its services, UPI International marks a significant milestone in bringing cashless payments to Indian travelers. This service further solidifies Paytm's position as a leader in mobile payments, ensuring that Indian users have access to secure, convenient payment solutions wherever they go.

TWN Special