PhonePe in Singapore: PhonePe has facilitated Unified Payments Interface (UPI) transactions in Singapore as it joined hands with Singapore Tourism Board (STB). Owing to this, Indian visitors will be able to use the PhonePe app for instant and secure payments at over 8,000 merchants in Singapore. PhonePe said that the initiative will help Indian tourists to provide familiar payment options during their stay.
Ritesh Pai, Chief Executive Officer of PhonePe’s International Business said, “Partnering with STB will facilitate ease of transactions for PhonePe users who now can just pay directly from their existing bank account by scanning a QR code when visiting the island-city.”
UPI transactions made through PhonePe do not incur additional charges for users but banks can impose any fees for international transactions or currency conversion especially when making payments in a foreign country. These charges may vary depending on the prevailing exchange rates.