Ritesh Pai is named CEO of PhonePes International Payments Division.

Ritesh Pai has been named CEO of PhonePe's foreign payments division, a strategic move made by the fintech company owned by Walmart. With interest from nations like Japan, Singapore, the United Arab Emirates, France, and the United Kingdom, this development supports India's goal of globalizing the Unified Payments Interface (UPI).A seasoned pioneer in digital payments, Ritesh Pai With a solid track record in the digital payments industry, Ritesh Pai brings a plethora of knowledge to his new position. His specialty is developing creative solutions and establishing worldwide, strategic corporate alliances. UPI Expands Worldwide: Sectoral Trends As India seeks to expand UPI internationally, other nations are considering implementing the UPI paradigm. This could completely change the way that transactions are carried out over the world and represents a dramatic change in the international payments scene. PhonePe's Groundbreaking Offering: UPI Worldwide With the introduction of "UPI International," a ground-breaking service that enables Indian customers traveling overseas to pay foreign merchants using UPI, PhonePe garnered headlines last year. This service is available for US retail locations.

The background and accomplishments of Ritesh Pai Ritesh Pai was instrumental in the introduction and international rollout of payment products and solutions during his tenure as TerraPay's president of products and solutions. During his time at Yes Bank's senior group president and chief digital officer, he successfully partnered with top fintech companies, demonstrating his leadership in digital strategy and transformation. Procedure for UPI International Activation Using the PhonePe App, customers can utilize the merchant location to activate their UPI-linked bank account for the "UPI International service" or they can use it prior to their foreign travel.

Users may be sure of a secure and seamless experience as activation requires entering the UPI PIN.Ritesh Pai has been named CEO of PhonePe's foreign payments division, a strategic move made by the fintech company owned by Walmart. Ritesh Pai has been named CEO of PhonePe's international payments division, a fintech company owned by Walmart, in a calculated move.