Paytm users can benefit from the new feature in countries including UAE, Singapore, France, Mauritius, Bhutan and Nepal.

This comes just days after Paytm launched a feature that allows users to download UPI transaction statements directly from the app

The Vijay Shekhar Sharma-led company returned to onshore in Q2 FY25 and posted consolidated PAT of INR 930 Cr

Indians traveling abroad can now make UPI payments Payment app as the fintech giant launches ‘UPI International’ in select overseas markets.

In the statement made by the company, it was stated that Paytm users can benefit from the new feature in countries where UPI is already accepted, as well as in the UAE, Singapore, France, Mauritius, Bhutan and Nepal.

Setting up UPI International on the Paytm app will require a one-time activation linked to the user’s bank account. When scanning a UPI-enabled QR code abroad, the app will automatically request activation to ensure easy access.

Indians traveling to these popular tourist destinations can choose to activate the service for up to 90 days, depending on the duration of their trip.

Users can also disable the service at any time; This helps prevent accidental transactions with foreign traders upon their return to India.

“With the upcoming holiday season, we are confident that this launch will make international travel even easier for users. This expansion reflects our commitment to leveraging technology that empowers our users wherever they are in the world,” said a Paytm spokesperson.

The development comes days after Paytm Launched a feature that allows users to download UPI transaction statements directly from the app.

In a blog post published earlier this month, the company said the feature is intended to: It makes it easier for users to track expenses, manage budgets, and prepare for tax filing.

Company led by Vijay Shekhar Sharma Consolidated profit after tax (PAT) announced as INR 930 Cr In the September quarter of financial year 2024-25 (FY25), as against a loss of INR 292 Cr in the same period in the previous year. The company swung to a loss in the second quarter due to a significant one-time gain from the sale of its ticketing business to Zomato.

However, the fintech giant’s revenue from operations declined 34% year-on-year to INR 1.1660 Cr in the reported quarter, from INR 2,519 Cr in the previous period.

Last month, the company also received approval from the National Payments Corporation of India (NPCI) to onboard new unified payment interface (UPI) users.

It is pertinent to note that Paytm’s market share in terms of UPI transactions dropped from 13% in January to 7% in October. Following the downturn triggered by the Reserve Bank of India in Paytm Payments Bank Limited..

But despite the restrictions, Paytm is the third largest processor of UPI payments in the country.

Paytm is among the few new generation stocks To be included in NSE’s futures and options (F&O) segmentFrom November 29th.

The stock was trading at INR 813.90, up almost 4%, on BSE at 1:28 pm today.