Published 16:47 IST, November 19th 2024
Paytm UPI Users Can Now Pay At International Locations: Check Eligible Countries
Launched in 2022, UPI International is a global counterpart of UPI, allowing customers to make payments from their linked bank accounts or RuPay credit cards.
Advertisement
Paytm on Tuesday announced UPI International facility is now active on its platform, allowing users to make UPI payments at select international locations. service will benefit Paytm account holders travelling to countries that accept India's homegrown Unified Payments Interface, including United Arab Emirates, Singapore, France, Mauritius, Bhutan, and Nepal.
"This enhancement allows users to conveniently pay for all use cases including shopping, dining, and local experiences abro using UPI through ir Paytm app," company said.
Advertisement
UPI International
Launched in 2022, UPI International is a global counterpart of UPI, allowing customers to make payments from ir linked bank accounts or RuPay credit cards to QR-based merchants outside of India. service supports automatic currency conversion from an international location's official currency to Indian Rupee. UPI International users also must bear currency conversion charges levied by ir bank.
Paytm UPI International
According to Paytm, users can set up UPI International service through a one-time activation process linked to ir bank accounts. app will automatically prompt activation as soon as users scan a UPI-enabled QR code abro. "Travellers can choose a usage period from 1 to 90 days based on ir trip and can deactivate service anytime to ensure payments are only me when intended," company said. Paytm claims service also helps prevent accidental transactions at foreign merchants once users are back in India. exchange rates and conversion fees are also displayed in app, "ensuring full transparency before completing transaction."
Advertisement
However, UPI International allows payments at merchants and Point-of-Sale (PoS) terminals only, barring users from making peer-to-peer transactions when travelling in a supported country.
“As pioneer of mobile payments in India, we are consistently innovating to bring greater convenience to our users. With UPI International, we’re thrilled to extend this ease to Indian travelers, enabling m to make secure, cashless payments in countries like UAE, Singapore, France, Mauritius, Bhutan, and Nepal. With upcoming holiday season, we are sure that this launch will make foreign travel even more convenient for users. This expansion reflects our commitment to leveraging technology that empowers our users, wherever y are in world,” said a Paytm spokesperson.
Advertisement
16:47 IST, November 19th 2024