One97 Communications Limited has launched the UPI International feature for its Paytm app, enabling users to make cashless payments in several countries including the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. Users can easily activate this feature and have the flexibility to choose a usage period, ensuring control over their transactions abroad. The service emphasizes transparency by allowing users to view foreign exchange rates and associated fees before completing payments, enhancing the convenience for travelers.
One97 Communications Limited, the parent company of Paytm, has announced enhancements to its payment services, now enabling users to make UPI payments internationally in select countries including the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. This new feature allows Indian travelers to make seamless cashless transactions via the Paytm app wherever UPI is accepted, facilitating a convenient payment experience for shopping, dining, and local activities abroad. Users must activate UPI International through a one-time setup in their app, which connects to their bank account, enabling them to effortlessly pay upon scanning UPI-enabled QR codes abroad.
Upon activation, travelers have the flexibility to select a usage period ranging from 1 to 90 days based on their travel plans, with the option to deactivate the service when not needed. This safeguard helps prevent accidental charges once users return to India, thus providing enhanced security. During transactions, users receive clear insights into foreign exchange rates and any applicable conversion fees, ensuring transparency in their spending.
The introduction of UPI International by Paytm is a significant advancement in financial technology for Indian travelers. UPI, or Unified Payments Interface, has revolutionized cashless transactions in India by allowing direct bank transfers using mobile applications. With this new international service, Paytm seeks to extend such convenience to users traveling abroad, supporting cashless payments in popular international destinations. The strategic development aligns with growing trends of digital payments and the rising need for secure and straightforward financial transactions in foreign countries. Paytm’s efforts reflect a commitment to innovation and user empowerment, particularly during travel.
In summary, Paytm’s introduction of the UPI International service marks a transformative step toward enhancing the travel experience for Indian users. By allowing payment in several international destinations through a familiar platform, Paytm is not only simplifying transactions but also enhancing security and control for its users. As travel opportunities expand, such innovations are likely to play a crucial role in facilitating efficient payment solutions for tourists. The combination of flexibility, transparency, and user-friendly features positions Paytm as a leader in digital finance solutions in the global marketplace.
Original Source: zeenews.india.com
