 "PhonePe partners with Liquid Group to enable seamless UPI payments for Indian travelers in Singapore, enhancing their travel experience.")
Walmart’s fintech company, PhonePe, has teamed up with Liquid Group to enhance payment options for Indian travelers in Singapore. This partnership allows PhonePe users to easily scan QR codes at various locations, including popular tourist spots like Changi Airport, restaurants, and shops. Ritesh Pai, CEO of International Payments at PhonePe, expressed excitement about enabling quick and convenient UPI payments for Indian tourists during their travels. This collaboration also facilitates the reception of international remittances without the hassle of sharing bank details. With this initiative, PhonePe aims to provide a seamless payment experience, reinforcing its commitment to simplifying cross-border financial transactions.
Walmart’s fintech company PhonePe has announced an exciting new partnership with Liquid Group, a provider of cross-border payment solutions. This collaboration aims to enhance the merchant acceptance network in Singapore, making it easier for Indian travelers to make payments while enjoying their visit to this popular destination.
Starting now, PhonePe users traveling to Singapore will be able to scan QR codes and pay at various merchants within Liquid Group’s network. This includes popular tourist spots like Changi Airport, duty-free shops, restaurants, and well-known retailers such as The Cocoa Trees and Hard Rock Café. The introduction of UPI (Unified Payments Interface) payments for these merchants will significantly streamline the shopping and dining experiences for Indian tourists.
Ritesh Pai, CEO of International Payments at PhonePe, expressed enthusiasm about this partnership, stating, “We are thrilled to partner with Liquid Group to bring the convenience of UPI payments to Indian travellers visiting Singapore.” He highlighted the importance of a seamless payment experience, allowing travelers to focus on enjoying their adventure rather than worrying about transaction methods.
In addition to making payments, PhonePe users will also be able to receive international remittances using the PayNow-UPI corridor, eliminating the need for complex banking details. Transactions will be processed in Indian rupees, further simplifying the experience for users.
Alvin Seck, Chief Commercial Officer of Liquid Group, echoed the sentiment of enhancing travel experiences by integrating UPI into their merchant network. This collaboration reflects a significant step towards providing seamless, cross-border payment solutions for travelers.
With this development, Indian travelers can look forward to an easier and more enjoyable time in Singapore, navigating payments with just a few taps on their PhonePe app.
Tags: PhonePe, Liquid Group, UPI, Singapore Travel, Cross-Border Payments, Indian Travelers, Payment Solutions, Payment Experience, Merchant Network.
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What is the PhonePe and Liquid Group tie-up about?
PhonePe and Liquid Group are working together to bring UPI QR payment services to Singapore, allowing people to make payments easily using their smartphones. -
How does the UPI QR payment service work?
Users can scan a QR code with their phone to pay for goods and services. It’s quick and does not require cash or cards, making it very convenient. -
Who can use this UPI payment service in Singapore?
Anyone with a compatible smartphone and a bank account linked to UPI can use this service to make payments in Singapore. -
Why is this partnership important for Singapore?
This partnership will make mobile payments quicker and more accessible for Indian travelers and locals in Singapore, enhancing the overall digital payment experience. - When will the UPI QR payment service be available in Singapore?
The exact launch date has not been announced, but both companies are working to roll out the service soon, so users can enjoy the benefits as soon as possible.
