Facilitated by UPI, the service will only be available at Mashreq Bank’s NEOPAY terminals
Users can simply scan the QR code, and the account will be debited in INR at current currency exchange rates
NRIs with UAE mobile numbers can also link their existing NRE and NRO accounts to their PhonePe app to make payments
Fintech giant PhonePe on Thursday (March 28) said its users can now make digital payments in the UAE. Facilitated by UPI, the service will only be available at Mashreq Bank’s NEOPAY terminals.
Under this, users can simply scan the QR code, and the account will be debited in INR at current currency exchange rates. This collaboration has been facilitated through Mashreq’s partnership with NPCI International Payments Limited (NIPL). NIPL is the international arm of NPCI.