Paytm has launched UPI International, allowing Indian travelers to make cashless payments in several countries, including UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. Users can activate this service easily via the Paytm app, which supports a flexible usage period. Transactions include transparent exchange rate information and prevention of accidental charges post-travel, enhancing overall security and convenience for travelers.
One97 Communications Limited, the parent company of Paytm, has announced that Indian travelers can now make international UPI payments in several countries, including the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. This feature allows users of the Paytm app to conduct cashless payments wherever UPI is accepted, thereby enhancing the convenience of transactions abroad for shopping, dining, and local experiences. Setting up this service is straightforward, requiring a one-time activation associated with the user’s bank account. The Paytm app will facilitate automatic activation when a UPI-enabled QR code is scanned overseas, ensuring easy access for users.
Moreover, travelers have the flexibility to select a usage duration ranging from one to ninety days, with the option to deactivate the service at any time. This feature prevents unintentional charges with foreign vendors upon returning to India, thereby providing enhanced security and control over spending. During transactions, users are informed of the foreign exchange rates and any applicable bank conversion fees, ensuring complete transparency throughout the payment process.
With the introduction of UPI International, travelers can enjoy seamless cashless payments at a variety of international locales, including vibrant markets, restaurants, and local shops across these countries. Paytm representatives emphasized their commitment to innovation, stating that this initiative reflects their dedication to facilitating secure and convenient financial solutions for users. Furthermore, Paytm has introduced a UPI statement download feature, allowing users to maintain detailed records of their transactions, which aids in effective budgeting and financial management, particularly when traveling internationally.
The implementation of UPI International is a significant step taken by Paytm in catering to the evolving needs of Indian travelers. As global travel resumes post-pandemic and with an increasing number of Indians traveling abroad, the demand for secure and efficient payment methods has surged. This latest feature not only simplifies the payment process but also enhances user confidence by providing transparency regarding foreign exchange rates and associated fees. As the use of digital payments grows, particularly in international contexts, Paytm continues to innovate to meet customer demands and navigate the complexities of overseas transactions.
In conclusion, Paytm’s introduction of the UPI International service marks a transformative advancement in enabling Indian travelers to make cashless transactions in various foreign markets. By offering a user-friendly activation process, transparent transaction details, and robust security features, Paytm is poised to enhance the travel experience significantly. This initiative underscores the company’s commitment to advancing mobile payment solutions, catering to the diverse needs of its clientele around the world.
Original Source: zeenews.india.com
