Leading Indian fintech platform PhonePe has received approval for a payment licence in the United Arab Emirates. The move represents a notable step in the mobile payments company's broader push to expand its services internationally.
With this regulatory clearance, the platform is positioned to strengthen cross-border payment operations and tap into the growing demand for digital transaction services in the UAE. The approval allows PhonePe to integrate more deeply into the region's financial network.
As smartphone-based payments continue to gain traction globally, obtaining licences in key financial hubs provides payment providers with the framework needed to offer secure, seamless services across borders.
Please check the original report by The Siasat Daily for full details.
