PhonePe ties up with Sri Lankan ride-hailing player to enable payment through UPI 
News Updates

PhonePe ties up with Sri Lankan ride-hailing player to enable payment through UPI

Fintech firm PhonePe has partnered with ride-hailing platform PickMe to enable UPI-based payments for Indian travellers in Sri Lanka, the Walmart group firm said on Thursday

PTI

New Delhi: Fintech firm PhonePe has partnered with ride-hailing platform PickMe to enable UPI-based payments for Indian travellers in Sri Lanka, the Walmart group firm said on Thursday.

Last month, PhonePe entered into a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka.

PSU Watch is now on Whatsapp Channels. Click here to join

"Our partnership with PickMe exemplifies the company's commitment to providing Indian travellers with convenient and trusted payment solutions. Previously, navigating payments in a new country could be a hassle.

"Now, with PhonePe, Indian tourists visiting the beautiful island nation of Sri Lanka can enjoy the ease and security of UPI payments for their rides," Ritesh Pai, CEO of PhonePe - International Payments, said.

The collaboration follows the launch of PhonePe in the island nation last month, wherein the Indian High Commissioner Santosh Jha had urged companies in Sri Lanka to engage with Indian companies to build on the UPI stack for innovations in hotel bookings, cab bookings, delivery services etc.

"Currently, we are the only ride-hailing platform in Sri Lanka to offer such a service to Indian travellers, and we hope to continue to innovate so that we make our ride-hailing service a convenient, safe and cost-effective mode of transportation for everyone.

"This collaboration not only enhances the convenience for Indian travellers but also supports our mission to drive digital transformation in Sri Lanka's transportation sector," PickMe CEO Jiffry Zulfer said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

PFC transfers transmission SPV to Montecarlo Ltd

RVNL appoints Baldev Singh as Executive Director (Civil) on its board

Bank of Baroda raises $500 million 5 years syndicated loan

IRFC engages Asia-Pacific investors through ECB roadshows in Taipei and Hong Kong

Stock markets tumble in early trade on boiling crude oil prices, weak global trends