Paytm Introduces International UPI Payments for Indian Travelers

Paytm has launched an international UPI payment feature allowing Indian travelers to make cashless transactions in countries like UAE, Sri Lanka, and Singapore. Users can easily activate and deactivate the service through the Paytm app, ensuring secure payments. The feature provides transparency regarding forex rates and fees, enhancing convenience for users.

Paytm, owned by One97 Communications Limited, has introduced an international UPI payment feature tailored for Indian travelers. This service allows users to conduct cashless transactions across multiple countries, including the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal, where UPI is recognized. Users can activate the feature with a one-time setup within the Paytm app, facilitating easy payment options when scanning UPI-enabled QR codes abroad. Additionally, the service can be deactivated at any moment, preventing unintended transactions after returning to India.

While making payments, travelers will have full visibility into foreign exchange rates and any applicable conversion fees, promoting transparency. This enhancement enables users to manage their expenditure seamlessly and securely during their international trips. Locations such as bustling markets and local eateries across prominent destinations will now support cashless payments powered by Paytm’s UPI service, ensuring convenience for users. The company has also recently introduced a UPI statement download feature, assisting in effective budgeting and financial tracking for users.

The spokesperson for Paytm expressed, “As the 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 them to make secure, cashless payments in countries like the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. With the upcoming holiday season, we are sure that this launch will make foreign travel even more convenient for users.”

In recent years, the adoption of digital payment platforms has surged globally, propelled by the rise of e-commerce and travel. One97 Communications Limited, the parent company of Paytm, has been a major player in the mobile payments sector in India. The introduction of UPI (Unified Payments Interface) revolutionized cashless transactions, enabling immediate funds transfer between bank accounts via mobile devices. With the growing demand for international travel, Paytm’s new UPI International feature offers Indian users a critical solution for making payments abroad without the hassle of carrying cash or relying on traditional credit cards.

In conclusion, the introduction of UPI International by Paytm significantly enhances the travel experience for Indian tourists. With the ability to make secure, cashless payments in internationally recognized destinations, travelers can enjoy greater convenience and peace of mind. The feature’s transparency regarding exchange rates and fees further empowers users to manage their finances effectively. As digital payment solutions continue to evolve, Paytm reaffirms its commitment to innovation and customer-centric services, paving the way for a seamless travel experience.

Original Source: zeenews.india.com