India expands digital payments footprint in UAE with regulatory nod

India expands digital payments footprint in UAE with regulatory nod

New Delhi, Sep 24 (IANS) Indian digital payments platform PhonePe has received in‑principle approval from the Central Bank of the UAE for two payment licences, finishing another step toward launching operations in the Emirates, a report has said. The report from Khaleej Times said the approvals cover Retail Payment Services and Card Schemes along with Stored Value Facilities. The firm completed initial regulatory due diligence and said it will work with UAE authorities to meet remaining requir

New Delhi, Sep 24 (IANS) Indian digital payments platform PhonePe has received in‑principle approval from the Central Bank of the UAE for two payment licences, finishing another step toward launching operations in the Emirates, a report has said. The report from Khaleej Times said the approvals cover Retail Payment Services and Card Schemes along with Stored Value Facilities. The firm completed initial regulatory due diligence and said it will work with UAE authorities to meet remaining requir

This article was originally published by Thehawk.

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