PhonePe receives in-principle approval for two UAE payment licenses

PhonePe issued In-principle regulatory approval for payment licenses affecting Central Bank of the UAE (CBUAE) on September 22, 2026.

Primary

PhonePe

Counterparty

Central Bank of the UAE (CBUAE)

Structure

In-principle regulatory approval for payment licenses

Date

September 22, 2026

Sub-sector

Payments

PhonePe gains regulatory pathway to establish a regulated payments business in UAE, enabling international expansion beyond UPI acceptance for Indian travelers.

Primary company

PhonePe

Counterparty

Central Bank of the UAE (CBUAE)

Amount

Not disclosed

Event date

September 22, 2026

Sub-sector

Payments

HQ

Not disclosed

Structure

In-principle regulatory approval for payment licenses

Source published

September 23, 2026

Publisher

TechStory

Source: techstory.in