PhonePe gets in-principle approval for two UAE payment licences
The Economic Times reports that PhonePe plans to work with local banks and payment firms and explore integration with UAE payment systems Aani and Jaywan after final regulatory clearance.
TLDR
PhonePe has secured in-principle approval from the UAE central bank for two payment licences, The Economic Times reports, describing the move as its first international market entry. Once it receives final regulatory clearance, the company plans to work with local banks and payment firms and explore integration with domestic payment systems such as Aani and Jaywan.
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