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Wire · operational-macro

PhonePe to enter UAE in first overseas expansion

9 September 2026 · By · Wire by Fusion42

Published

9 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

UAE

◆ Source

Read at dailypioneer.com →

◆ Verified

Fusion42 · 10 September 2026 · Fusion42 review

PhonePe, India's leading UPI payments player, has secured a licence from the Central Bank of UAE to launch its first overseas operations there, offering wallet, remittance, and merchant services.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

PhonePe's new UAE licence opens a gateway to the Gulf's digital payments market. You need to rethink your regional growth and partnerships now to compete or collaborate in the emerging cross-border remittance and local payments space.

◆ Coverage

1 source · 9 Sep 2026

◆ Related on Wire

◆ Topics

Fintechphonepeuae-expansionfintechlicencepaymentsremittance