Paytm Launches UPI International, Enabling Cashless Payments Abroad at No Extra Cost

Paytm has recently introduced a function called Paytm UPI International for Indian travelers to facilitate cashless payments across global locations. This means that through the Paytm app, users can make payments in some international areas, which have not been facilitated by any payment service in India to date. UPI International is now live in countries namely the United Arab Emirates, France, Singapore, Mauritius, Bhutan, and Nepal where Indian travelers can now make safe payments without depending on card tokens or cash.

What is UPI International?

UPI is an interface of digital payments that enables instant money transfer between two accounts within India. Now, UPI has launched its international version, UPI International, that enables users to make payments at merchant locations internationally. This is going to be a great leap for Indians used to travel since it will help in payment difficulties when traveling for business or even carrying exchange money or cash.

Using UPI International, users can make payments at different tourist spots like markets, cafes, etc. in the countries where UPI is available. The Paytm mobile application can help travelers complete their transactions by just using their smartphone, thereby improving the flexibility of traveling across borders.

How Does UPI International Work?

Link Your Bank Account: When going on any travel, start by adding your bank account to the Paytm app.

Activate UPI International: After getting to another country, focus on Pays with a QR code with a UPI symbol in the Paytm app to start the payment process.

Choose Your Duration: Members can opt for one day, one week, two weeks, or up to three months of the service depending on the trip.

Deactivate Anytime: To ensure the highest possible protection, users can easily deactivate the service should they no longer need it.

This flexibility also makes the payment system absolutely safe as well as convenient for the users to control their payments while in travel.

Characteristics of the UPI International:

Real-Time Exchange Rates: Paytm shares live exchange rates, in this aspect, users have a lifecycle of charges before making the payment. This is particularly helpful in helping travelers avoid surprises through services and expenses that might have been very costly.

Wide Acceptance: UPI International is widely accepted at different sites such as tourist attraction sites with other local outlets in UAE, France, Singapore, Mauritius, and Nepal.

Cashless Convenience: Those using UPI International no longer need cash or international credit cards. Travelers can easily pay through options seamlessly linked to their bank accounts.

Benefits for Travelers:

This makes perfect sense for ordinary Indian travelers as the new introduction of UPI International brings a host of benefits. In the past, traveling to other countries was challenging due to the need to use multiple payment systems, like cash, foreign currency cards, or international credit cards. To simplify payments, travelers can use the Paytm app through UPI International. This makes travel easier, saves time, and reduces the use of physical money.

Function of Paytm in International Transaction

Paytm recently launched International UPI to expand the UPI feature among Indian travelers. Dubai and other countries like Bhutan, Singapore, etc., use UPI, and Paytm is opening up possibilities in other destinations. UPI is supported by the National Payments Corporation of India (NPCI) and NPCI International Payments Limited, promoting operations beyond India.

Conclusion

The new integration of Paytm’s UPI International is a boon for Indian travelers as they can travel without worrying about using cash overseas. Users currently need to link their bank accounts to the Paytm app for payments in various countries, including UAE, France, and Singapore. With real-time exchange rates, ease of acceptance, and the ability to transact on a single interface for all payments, UPI International is set to revolutionize how Indian tourists conduct transactions.