Paytm has launched UPI International payments, allowing users to make cashless transactions in the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. Users can activate this feature through the Paytm app with a one-time setup linked to their bank accounts. The service provides transparent exchange rates and can be temporarily activated for trips ranging from 1 to 90 days, ensuring secure payments abroad.
One97 Communications Limited, the parent company of Paytm, has announced an innovative feature allowing users to initiate UPI payments abroad. This new capability enables Indian travelers to make cashless payments across several international destinations including the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. By linking their bank accounts, users can easily activate UPI International with a single setup in the Paytm app. The application automatically prompts activation when scanning UPI-enabled QR codes, facilitating hassle-free transactions while abroad.
Travelers can choose a usage period from 1 to 90 days, allowing for temporary service activation that can be deactivated at any time, thereby providing full control over payment functionalities. This feature not only mitigates the risk of unintended transactions upon returning to India, but also enhances security for users. During transactions, the app clearly displays applicable foreign exchange rates and any associated conversion fees from the user’s bank, ensuring complete transparency.
The UPI International service can be utilized for a variety of spending scenarios such as shopping, dining, and engaging in local experiences. Notably, this service is available in vibrant spots like Dubai’s shopping districts, Singapore’s bustling marketplaces, beach markets in Mauritius, artisanal shops in Bhutan, and local venues in Nepal and Sri Lanka. The enhancement aligns with the commitment of Paytm to provide users with innovative technological solutions for greater convenience while traveling internationally.
Furthermore, Paytm has rolled out a UPI statement download feature, which gives users access to detailed transaction reports formatted for easy understanding. This tool is especially beneficial for tracking expenses and managing finances, enhancing the overall experience of international travelers.
The introduction of UPI International payments by Paytm represents a significant advancement in the landscape of mobile transactions. With increasing globalization and the upward trend of Indians traveling abroad, the need for seamless payment options has become vital. Paytm aims to address this demand by allowing users to engage in cashless transactions in multiple international locations where UPI payments are accepted, fostering ease and accessibility. This development also highlights Paytm’s commitment to enhancing user experiences through innovative financial technology solutions.
In summary, Paytm’s launch of UPI International payments marks an important milestone for Indian travelers seeking an efficient and secure method to make payments abroad. By simplifying cashless transactions across several popular destinations, Paytm empowers users with greater control over their spending and enhances their overall travel experience. The timely introduction of additional features, such as the UPI statement download option, further demonstrates the company’s dedication to supporting responsible financial management for users during their international journeys.
Original Source: zeenews.india.com
