GENERAL22 Sept 2026
PhonePe secures UAE payments licences, plans Aani, Jaywan support
PhonePe has received in-principle approval for two payments licences in the UAE. It plans to support Aani and Jaywan, the UAE's local payment rails, before its commercial launch there. It runs India's largest UPI (Unified Payments Interface) app, with over 700 million users and 50 million merchants. For Indian businesses and taxpayers, this means another route for cross-border payments, so watch for launch details.
Key Statutory Highlights
- PhonePe has received in-principle approval for two payments licences in the UAE.
- The company plans to support Aani and Jaywan, the UAE's domestic payment rails, ahead of its commercial launch there.
- In India, PhonePe is the largest UPI app, with over 700 million registered users and 50 million merchants.
Actionable Advice for Taxpayers / Founders:If you collect payments from overseas customers, keep an eye on PhonePe's UAE launch announcements. Since only in-principle approval has been received so far, wait for the licences to be final and the service to actually go live before you change how you receive money.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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