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PhonePe announced that it has partnered with the Liquid Group, a fintech leader in digital cross-border payment solutions, to expand its merchant acceptance network in Singapore. This collaboration will allow travellers to conveniently scan and pay using their PhonePe app at Liquid Group’s extensive merchant base in Singapore, a popular travel destination for Indian visitors.
These QR codes will be widely available at tourist-centric locations, including Changi Airport, duty-free shops, restaurants, bars, retailers like The Cocoa Trees, Charles & Keith, Luvenus Jewellery, Hard Rock café, etc. sightseeing spots, and transportation services. This 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. To make payments at merchant outlets, PhonePe users simply need to scan the QR code generated/displayed by the merchants. Transactions will be processed in Indian Rupees (INR), ensuring both transparency and ease of use.
In addition to making payments to the Liquid group merchants during travel to Singapore peaking on the partnership, Ritesh Pai, CEO of International Payments at PhonePe said, “We're thrilled to partner with Liquid Group to bring the convenience of UPI payments to Indian travelers visiting Singapore.
Alvin Seck, CCO of Liquid Group said, "We are excited to join forces with PhonePe to enhance the payment experience for Indian travellers in Singapore. This partnership aligns perfectly with our goal of making global payments more accessible and efficient for consumers and businesses alike."