Big Announcement: Paytm Enables International UPI Payments, Expanding Services Globally

Paytm has officially launched the international UPI payment feature in an effort to diversify its services beyond India. One97 Communications Limited (OCL), the parent company of Paytm, today announced the introduction of this groundbreaking feature. International UPI will help Indian travelers to make seamless, cashless transactions at global destinations where UPI is accepted, such as the UAE, Singapore, France, Mauritius, Bhutan, and Nepal.

How Paytm's International UPI Works?

The payments through International UPI are as simple as the domestic ones. Users can set up the feature in a quick and hassle-free manner. The account can be set up in a single step linked to their bank account. When an individual scans a UPI-enabled QR code abroad and chooses UPI for international payment, the app automatically prompts activation for immediate access as claimed in Paytm's latest announcement.

In its recent statement, a Paytm spokesperson stated, "As the pioneer of mobile payments in India, we are constantly innovating to provide greater convenience to our users." We're excited to bring this convenience to Indian tourists with UPI International, which allows them to make secure, cashless payments in countries such as the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. With the approaching holiday season, we are confident that this launch will make foreign travel even more convenient to people."

Experience Hassle-Free Payments Globally

With this update, it has now become very easy for Indian travelers to shop, dine, and explore with ease at various international destinations. Travelers can select a usage period ranging from 1 to 90 days and deactivate the feature after returning to India, ensuring payment security. Users can see the exact foreign exchange rates and any hidden fees charged by their bank before confirming the payment. The feature also prevents accidental payments with foreign merchants post-travel, giving users greater control.

In addition to international UPI, Paytm recently launched a UPI statement download feature allowing users to track spending with detailed transaction records.

Paytm Share Performance Today

One97 Communications Ltd. shares, which represent Paytm on the BSE, are currently trading in the green. Paytm shares opened today at Rs.787 and have seen a rise of 3.62%, now trading at Rs.812.25. Over the past five days, the stock has experienced notable volatility but has registered an overall increase of 4.47%. Over the last month, the stock has shown strong growth, with a gain of 11.61%. The recent announcement regarding the expansion of Paytm's UPI payment services internationally is expected to have a positive impact on the company's share prices in the future.