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India's PhonePe gets initial UAE central bank nod for payment licenses

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Digital payments platform PhonePe said on Tuesday it received in-principle approval from the UAE central bank for two licenses covering retail payment services, card schemes, and stored value facilities, a key step toward launching locally licensed operations in the Gulf state.

Read the original report at Reuters.

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Reuters

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-22. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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Monetary Policy

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