In a significant move for Indian travelers, Paytm has launched the ‘UPI International’ feature, allowing users to make seamless cashless payments abroad. This new service enables Indian users to pay via UPI at international locations across several countries, including the UAE, France, Singapore, Mauritius, Bhutan, and Nepal, wherever UPI is accepted. The introduction of this service promises to revolutionize how Indians pay while traveling abroad, making payments as easy as scanning a QR code.
Key Points to Know About Paytm’s UPI International:
Available Internationally: UPI International will allow Indian users to make cashless payments in popular destinations including the UAE, France, Singapore, Mauritius, Bhutan, and Nepal.
How It Works: After linking their bank account to the Paytm app, users can activate the UPI International feature and make payments by scanning UPI-enabled QR codes at foreign merchant outlets.
Customizable Activation Period: Users can choose an activation period of 1 to 90 days, based on the duration of their travel, ensuring flexibility and preventing accidental transactions.
Transparency in Transactions: Paytm displays real-time foreign exchange rates and conversion fees during transactions, allowing users to make informed decisions about their spending.
Transaction Management: A recent addition to the Paytm app is the UPI statement download feature, providing detailed transaction records, which can be useful for budgeting and expense tracking during travel.
Enhanced Payment Ecosystem: Besides UPI International, Paytm supports features like UPI Lite for small transactions, RuPay credit card linking, and peer-to-peer (P2P) transfers, ensuring an efficient and interoperable payment platform.
How UPI International Enhances the Travel Experience:
UPI has been a cornerstone of mobile payments in India, and its integration into international payments is a significant leap forward. By offering a secure, seamless, and cashless way to make payments, Paytm’s UPI International feature simplifies the travel experience for Indian users. No more worrying about carrying foreign currency or managing multiple payment methods—UPI is now accepted globally, giving Indian travelers the convenience they need.
Whether you’re shopping in Dubai, dining at a café in Paris, or exploring local markets in Mauritius, UPI International allows for instant, cashless transactions. It’s an essential tool for anyone looking to travel with ease.
Setting Up UPI International:
Setting up the feature is hassle-free and can be completed directly within the Paytm app. Users need to link their bank account and activate the feature, which is triggered automatically when they scan a UPI-enabled QR code while abroad. Once activated, the app allows the user to select the duration of the feature’s activation, based on the travel period. Upon returning to India, users can deactivate the feature to avoid any accidental transactions.
Paytm has made the entire process seamless, and the ability to manage the activation period ensures that users have complete control over the feature.
Ensuring Transparency and Security:
One of the standout features of UPI International is the transparency it offers during transactions. Paytm displays the current foreign exchange rates and applicable conversion fees, helping users manage their spending and avoid hidden charges. This level of transparency is essential for budget-conscious travelers, as it allows for a more predictable and reliable payment experience.
Additionally, Paytm’s focus on security ensures that all transactions are secure, adding an extra layer of trust for users making payments abroad.
Conclusion:
Paytm’s UPI International feature marks a significant milestone for Indian travelers, offering the ability to make secure, cashless payments at international locations with just a QR code scan. With its ease of use, flexible activation, and transparency, Paytm is making international travel more convenient and stress-free than ever before. As UPI continues to expand globally, this innovation is set to play a vital role in how Indian consumers pay for goods and services abroad.
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The post Paytm Launches UPI International: Seamless Cashless Payments in UAE, France, Singapore, Mauritius, and More for Indian Travelers appeared first on Before You Take.