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FROM SRN NEWS

India’s PhonePe gets initial UAE central bank nod for payment licenses

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Sept 22 (Reuters) – Digital payments platform PhonePe said on Tuesday it received in-principle approval from the UAE central bank for two licenses covering retail payment services, card schemes, and stored value facilities, a key step toward launching locally licensed operations in the Gulf state. 

(Reporting by Abhinav Parmar in Bengaluru; Editing by Rashmi Aich)

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