Paytm has launched UPI International, allowing Indian users to make cashless payments in various countries, including the UAE and Sri Lanka. Users can activate the service with their bank accounts for up to 90 days and benefit from transparent transaction details. This enhancement reflects Paytm’s dedication to providing convenient payment solutions for travelers.
Indian digital payment users can now conduct international transactions using the Paytm app in several countries, including the UAE, Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. By enabling UPI International, travelers can utilize cashless payments at various merchants and services where UPI is accepted. A simple one-time activation linked to the user’s bank account allows for easy access, automatically prompting activation upon scanning UPI-enabled QR codes overseas. Users may choose a service period of up to 90 days and deactivate it at any time, offering heightened control and security against unintended transactions upon return to India.
Moreover, Paytm facilitates users in monitoring their finances by providing transparency regarding foreign exchange rates and conversion fees applied by their banks during transactions. This newfound capability enhances travelers’ spending management at diverse international destinations, from bustling street markets to local shops.
As a further addition, Paytm has introduced a UPI statement download feature that enables users to access an organized record of their transactions. This tool is particularly beneficial for effective tracking of expenses, budgeting, and financial management during and after international trips, enhancing the overall user experience of the Paytm platform.
The introduction of UPI International by One97 Communications Limited, the parent company of Paytm, signifies a pivotal enhancement in digital payment solutions for Indian travelers. UPI has already gained significant traction in India, and expanding its capabilities internationally aims to make overseas travel financially seamless. Users can now operate their transactions without the need for cash, streamlining their experiences in countries where UPI is widely accepted. This service enhancement coincides with the growing trend of mobile payments globally and the demand for convenience in financial transactions while traveling abroad.
In summary, Paytm’s UPI International service offers Indian travelers a significant advancement in their ability to conduct cashless payments across multiple international destinations. With features that provide user control over spending, transparency regarding fees, and easy accessibility through the Paytm app, this service caters to the needs of modern travelers efficiently. Additionally, the UPI statement download feature further supports users in managing their financial activities, reinforcing Paytm’s commitment to improving customer experience.
Original Source: zeenews.india.com
