By launching this feature, Paytm aims to allow users to make cashless payments leveraging its app in the UAE, France, Mauritius, Singapore, Bhutan, and Nepal. With a focus on making mobile payments available to all, the company’s move intends to scale the convenience of foreign travel, enabling customers to conduct secure, cashless payments across several regions. Also, officials mentioned that the launch comes just as the holiday season is approaching to further support users in their travelling arrangements.
Before introducing UPI International, Paytm teamed up with Axis Bank to provide POS solutions and EDC devices to the latter’s merchant network. The move came after a previous partnership forged in February 2024, when the two organisations worked on supporting the settlement of merchant payments. By extending their collaboration, Paytm and Axis Bank planned to deliver POS solutions and card machines to the bank and its merchant network, focusing on augmenting the merchant-acquiring business through advanced technology and optimised operations.
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