PhonePe Wins UAE Central Bank Nod
Digital payments platform PhonePe received in-principle approval from the UAE central bank for two licenses. The Walmart-backed fintech firm still requires final sign-off before launching commercial operations in the region.
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Digital payments platform PhonePe secured preliminary approval from the United Arab Emirates central bank on Tuesday morning for two payment licences. The expansion into the Gulf state comes as the fintech firm navigates a delayed public listing. PhonePe aims to capture growth in international markets despite current delays in its domestic equity offering.
