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The hassle of carrying cash, and converting currency has been reduced for Indians travelling to Sri Lanka as they can now make quick and safe payments using PhonePe’s UPI app
Antero Greco, Silvio Luiz and Apolinho are icons of sports journalism in the country
UPI is heaven-sent for consumers, but banks don’t make a dime off it. It is also the cause of banking system outages that tarnish a bank’s reputation
Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia. It will offer payments infrastructure for global brands looking to sell to Indian consumers, who can use Ebanx to pay through the local currency and by using local payment methods.
These NRI customers can pay using UPI in India using foreign mobile number. Earlier, in order to create a UPI ID and use any UPI app, an NRI required a working Indian mobile number. This will reduce non-resident Indians (NRIs) the cost of keeping an active Indian mobile number.