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In which country has PhonePe recently launched UPI services?
  • a)
    Nepal
  • b)
    Bangladesh
  • c)
    Sri Lanka
  • d)
    Thailand
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
In which country has PhonePe recently launched UPI services?a)Nepalb)B...
Digital payment service PhonePe has recently joined hands with LankaPay to launch UPI payments in Sri Lanka. The transactions will be facilitated by UPI and LankaPay National Payment Network. Indians travelling to Sri Lanka can take advantage of this facility.   
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Most Upvoted Answer
In which country has PhonePe recently launched UPI services?a)Nepalb)B...
PhonePe Launches UPI Services in Sri Lanka
PhonePe, one of India's leading digital payment platforms, recently announced the launch of its Unified Payments Interface (UPI) services in Sri Lanka. This expansion marks PhonePe's first international foray, aiming to provide its innovative digital payment solutions to the Sri Lankan market.

Key Pointers:
- PhonePe has partnered with a leading Sri Lankan bank to bring its UPI services to the country.
- Sri Lanka becomes the first country outside India where PhonePe has introduced its UPI platform.
- With this launch, PhonePe aims to tap into the growing digital payment market in Sri Lanka and offer convenient and secure payment options to its users.
- The company plans to leverage its expertise in digital payments to drive financial inclusion and promote cashless transactions in Sri Lanka.

Impact of the Launch:
- The introduction of PhonePe's UPI services in Sri Lanka is likely to revolutionize the digital payment landscape in the country.
- Users in Sri Lanka will benefit from the convenience and efficiency of PhonePe's UPI platform, enabling them to make seamless transactions and payments.
- The partnership between PhonePe and a local bank in Sri Lanka signifies a collaborative effort to drive financial innovation and enhance the digital payment ecosystem in the country.
Overall, PhonePe's expansion into Sri Lanka reflects its commitment to advancing digital financial services globally and contributing to the evolution of the digital economy in emerging markets.
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In which country has PhonePe recently launched UPI services?a)Nepalb)Bangladeshc)Sri Lankad)ThailandCorrect answer is option 'C'. Can you explain this answer?
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