PhonePe secures in-principle UAE payment licenses

PhonePe issued In-principle regulatory approval affecting Central Bank of the UAE on September 23, 2026.

Primary

PhonePe

Counterparty

Central Bank of the UAE

Structure

In-principle regulatory approval

Date

September 23, 2026

Sub-sector

Payments

PhonePe's first international expansion, securing dual payment licenses to operate retail payment services and stored value facilities in UAE.

Primary company

PhonePe

Counterparty

Central Bank of the UAE

Amount

Not disclosed

Event date

September 23, 2026

Sub-sector

Payments

HQ

Not disclosed

Structure

In-principle regulatory approval

Source published

September 23, 2026

Publisher

Daily Pioneer

Source: dailypioneer.com