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Wire · operational-macro

After India, PhonePe eyes UAE's UPI and RuPay equivalents

22 September 2026 · By · Wire by Fusion42

Published

22 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

UAE

◆ Source

Read at magzter.com →

◆ Verified

Fusion42 · 22 September 2026 · Fusion42 review

PhonePe has secured in-principle approval for two payment licences from the Central Bank of UAE and plans to integrate with UAE's domestic payment systems Aani and Jaywan, similar to India's UPI and RuPay.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 9 Sep 2026 and 22 Sep 2026.

◆ ◆ The Wire takeaway

PhonePe's entry into UAE payment networks opens access to new cross-border fintech opportunities for you; this regulatory nod signals a doorway to local market integration and competitive positioning against established players.

◆ Coverage

2 sources · first reported 9 Sep 2026 · latest 22 Sep 2026

◆ Related on Wire

◆ Topics

Fintechphonepepayment-licensesUAEUPI-equivalentsfintech-expansion