Indian Fintech PhonePe Secures UAE Central Bank Approval for Two Payment Licences
The company said its expansion is aligned with the UAE’s Financial Infrastructure Transformation program, its digital economy and the country’s regulatory framework for financial services PhonePe plans to build its UAE presence through deeper integration with the local payments ecosystem, with the. The company also plans to explore opportunities to support Aani and Jaywan, the UAE’s domestic payment rails, through its full-stack.
According to بوابة التكنولوجيا المالية, The company also plans to explore opportunities to support Aani and Jaywan, the UAE’s domestic payment rails, through its full-stack technology platform PhonePe’s technology infrastructure is designed to handle high transaction volumes and currently serves more than 700 million registered users and 50 million merchants in India.
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