INSUBCONTINENT EXCLUSIVE:
The collaboration is facilitated through Liquid Group's partnership with NPCI International Payments Limited (NIPL)
| Photo: Shutterstock2 min read Last Updated Sep 10 2024 | 10:35 PM IST
Walmart group's fintech firm PhonePe on Tuesday said it has
partnered with cross-border payment solutions provider Liquid Group to expand its merchant acceptance network in Singapore.
The
collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base.
"We are
thrilled to partner with Liquid Group to bring the convenience of UPI payments to Indian travellers visiting Singapore
This popular destination is a favourite among Indian tourists, and we are excited to empower them to pay quickly and easily at their
favourite food, shopping, and sightseeing spots making their travel experience even more enjoyable," Ritesh Pai, CEO of International
restaurants, bars, retailers like The Cocoa Trees, Hard Rock caf, sightseeing spots, and transportation services, the statement said.
The
collaboration is facilitated through Liquid Group's partnership with NPCI International Payments Limited (NIPL).
Through this
partnership, Liquid Group has enabled its merchants to accept UPI as a payment method, making it convenient for Indian travellers to use
their preferred UPI app for transactions.
"Transactions will be processed in Indian rupees," the statement said.
In addition to making
payments to the Liquid group merchants during travel to Singapore, PhonePe users can receive international remittances through UPI via the
PayNow-UPI real-time remittance corridor which eliminated the need for the customers to share details such as bank account numbers and IFSC
codes.
"We are excited to join forces with PhonePe to enhance the payment experience for Indian travellers in Singapore
By integrating UPI into our extensive merchant network, we are not only simplifying transactions but also reinforcing our commitment to
providing seamless, cross-border payment solutions," Alvin Seck, CCO of Liquid Group, said.(Only the headline and picture of this report may
have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Sep 10
