PhonePe users can now use UPI to make payments: PhonePe is now available in Singapore, allowing Indian tourists to use familiar payment options during their stay. The app has partnered with the Singapore Tourism Board (STB) to facilitate Unified Payments Interface (UPI) transactions in the country.
With this partnership, Indian visitors can use the PhonePe app to make instant and secure payments at over 8,000 merchants across Singapore. PhonePe believes that this initiative will make it easier for Indian tourists to manage their expenses while traveling in Singapore. It offers them the convenience of using a payment method they are already familiar with, making their experience more seamless and enjoyable.
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What PhonePe Said About the New Option?
Ritesh Pai, Chief Executive Officer of PhonePe’s International Business, mentioned, “Partnering with STB will make transactions easier for PhonePe users. Now, they can simply pay from their bank account by scanning a QR code when they visit the island city.”
In simple terms, this means that PhonePe users can now make payments more conveniently in Singapore. They just need to scan a QR code with their PhonePe app, and the money will be deducted directly from their bank account. This partnership aims to make the payment process smoother and hassle-free for PhonePe users while they are in Singapore.
How to use this Payment Option?
To use PhonePe for payments in Singapore, you first need to download the PhonePe app. Once you have installed the app, you will need to link your bank account to it. When you are ready to make a payment, simply scan the QR code provided by participating merchants in Singapore using the PhonePe app. This will initiate a UPI transaction.
After scanning the QR code, you will need to enter the payment amount and any additional details required by the merchant. Next, review the summary of your transaction to ensure everything is correct. Then, proceed to confirm the payment by entering your UPI PIN.
That’s it, your payment will be processed, and the amount will be deducted from your bank account. Using PhonePe in Singapore is simple and convenient, allowing you to make transactions with ease.
Are there extra charges for these transactions?
When you use PhonePe for UPI transactions in Singapore, there are no extra charges for users. However, it is important to note that banks may impose fees for international transactions or currency conversion, especially when you are making payments in a foreign country like Singapore.
These charges can vary depending on the prevailing exchange rates and the policies of your bank. It is a good idea to check with your bank beforehand to understand any potential fees that may apply to your transactions. Overall, while PhonePe itself does not add extra charges, it is important to be aware of any possible fees from your bank when using the app for payments in Singapore.
Also Read: UPI Transaction Rules 2024: How the New UPI Payment Rules Will Impact Your Wallet?
