{
  "id": 9138333,
  "title": "IPO-Bound PhonePe Secures In-Principle Nod For UAE Payments Business",
  "url": "https://urgent.news/2026/09/22/ipo-bound-phonepe-secures-in-principle-nod-for-uae-payments-business",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T11:33:43.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/ipo-bound-phonepe-secures-in-principle-nod-for-uae-payments-business/"
  },
  "original_language": "en",
  "account": "PhonePe, the IPO-bound Indian fintech giant, has received provisional approval from the Central Bank of the UAE (CBUAE) to establish its first regulated payments operation outside India. The approval covers two key licences: Retail Payment Services and Card Schemes (RPSCS), and Stored Value Facilities (SVF). These approvals position PhonePe to collaborate with local banks, payment service providers, and technology vendors in the UAE, as well as support the country's domestic payment networks, Aani and Jaywan. PhonePe's IPO had been postponed due to geopolitical tensions and market volatility, but the fintech company is now expected to resume its public listing plans between February and March 2027.",
  "summary": "Walmart-backed PhonePe has received in-principle approval from the Central Bank of the UAE (CBUAE) for two payment licences, taking the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}