Paytm has launched its UPI International service, enabling Indian travelers to conduct cashless transactions in countries such as the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. The feature involves a one-time activation linked to the user’s bank account, ensuring seamless payments at participating merchants. Additionally, users can access their transaction records to facilitate budgeting and financial management while abroad.
One97 Communications Limited, the owner of Paytm, has now enabled its users to perform international UPI payments in select countries, including the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. This feature allows Indian travelers to make cashless transactions seamlessly in any location where UPI is accepted. The activation of the International UPI service within the Paytm app is straightforward, requiring only a one-time setup linked to the user’s bank account.
Upon scanning a UPI-enabled QR code while abroad, users will receive automatic prompts for activation, ensuring ease of use. Travelers can select a usage period from one to ninety days, with the option to deactivate the service at any time, thereby preventing inadvertent transactions once they return to India. This capability provides robust security and meticulous control over financial activities.
The payment process is designed to be transparent, allowing users to view applicable foreign exchange rates and any conversion fees before completion, thus enhancing fiscal awareness while traveling. The newly introduced UPI International service is positioned to streamline payments at renowned global destinations, including bustling markets and dining establishments.
Paytm representatives noted that this launch reflects their commitment to technological innovation and customer convenience, particularly as the holiday season approaches. They express confidence that the UPI International feature will significantly enhance the travel experience for users embracing cashless payments abroad. Furthermore, the recent addition of a UPI statement download feature assists users in tracking their spending, thereby supporting effective budgeting and financial management during and after international travel.
The introduction of Paytm’s UPI International feature signifies a significant advancement in digital payment solutions for Indian travelers. Previously, traveling abroad often necessitated the use of cash or credit cards, which could lead to inconveniences and added fees. The ability to make direct payments using UPI expands the options for consumers, allowing them to transact seamlessly across various international markets. This innovation not only enhances user experience but also aligns with the growing trend of digitalization in global commerce.
In summary, One97 Communications Limited has made a transformative move by allowing users to make international UPI payments through the Paytm app in multiple countries. This functionality provides users with greater convenience, control, and security while traveling. With the introduction of features like the one-time activation for UPI International and transaction clarity regarding foreign exchange rates, Paytm continues to enhance the financial experiences of its users, particularly during peak travel seasons.
Original Source: zeenews.india.com
