The app enables users, including expats and immigrants traveling to India, freelancers, tourists and small businesses, to share and spend in their respective currencies without maintaining multiple accounts, wallets or payment apps across the world
The tech firm offers end-to-end SCF products to help financial institutions across purchase order funding, invoice discounting, reverse factoring, factoring and distributor financing
The new feature will allow Indian PhonePe users to pay foreign merchants using UPI while travelling. Countries such as UAE, Singapore, Mauritius, Nepal and Bhutan will be covered in this feature