Business51 minutes ago
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PhonePe Expands to UAE: Secures Key Payment Licences
PhonePe has gained in-principle approval for two payment licences from the UAE central bank, paving the way for its entry into the UAE fintech market. This move will enable PhonePe to offer retail payments, card schemes, and stored value facilities, pending final regulatory approval. The expansion signifies a major step for PhonePe as it aims to enhance its international presence and tap into the growing UAE digital payment landscape.
βοΈ AI Verdict
"PhonePe's UAE expansion is a smart move for fintech growth!"
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