Liquid Group and PhonePe Partner to Boost UPI QR Payments Across Singapore

Singapore, 10th September 2024: Liquid Group, a leading fintech company specialising in digital cross-border payment solutions, is delighted to announce its partnership with PhonePe, India’s largest digital payments platform, to enable UPI QR payments across Liquid Group’s extensive merchant network in Singapore. This partnership will provide Indian travellers with the convenience of using their PhonePe app to make payments at key tourist destinations throughout Singapore.

As a popular destination for Indian tourists, Singapore offers a wide range of shopping, dining, and leisure activities. Thanks to this collaboration, Indian visitors will now be able to use their preferred UPI apps, such as  PhonePe, to make payments by scanning QR codes displayed at merchants across Singapore, all powered by Liquid Group’s advanced interoperable payment infrastructure.

Expanding UPI QR Payment Acceptance in Singapore

UPI QR will be prominently accepted at tourist-centric locations, including Changi Airport, duty-free outlets, restaurants, bars, and popular retailers such as The Cocoa Trees, Charles & Keith, Luvenus Jewellery, Hard Rock Café, as well as key sightseeing spots and transport services. This collaboration is made possible through Liquid Group’s partnership with NPCI International Payments Limited (NIPL), which enables merchants to accept UPI as a payment method.

For Indian travellers, this integration simplifies the payment experience, allowing them to pay in Indian Rupees (INR) while ensuring transparency and ease of use. PhonePe users need only scan the QR code presented by participating merchants, providing a seamless and familiar payment process.

Alvin Seck, Chief Commercial Officer of Liquid Group, said: “We are excited to partner with PhonePe to enhance the payment experience for Indian travellers in Singapore. By integrating UPI into our extensive merchant network, we are simplifying transactions for visitors while reinforcing our commitment to delivering seamless cross-border payment solutions. This partnership aligns with our vision of making global payments more accessible and efficient for both consumers and businesses.”

Ritesh Pai, CEO of International Payments at PhonePe, added: “We’re thrilled to collaborate with Liquid Group and bring the convenience of UPI payments to Indian travellers in Singapore. As a popular destination for Indian tourists, this partnership will enable them to pay easily and quickly at their favourite shops, restaurants, and tourist attractions, enhancing their overall travel experience.”

About Liquid Group

Liquid Group is a leading fintech headquartered in Singapore, specialising in global digital payment solutions with a mission to make cross-border payments more affordable, transparent, and efficient for businesses and individuals.

Liquid Group operates an advanced interoperable digital QR payment network, enabling seamless acceptance of multiple local and international mobile payment apps and digital wallets across various merchant acquirers in the Asia-Pacific region.

As a Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore (MAS), Liquid Group is authorised to conduct account and e-money issuance, merchant acquisition, as well as domestic and cross-border money transfers. Liquid Group is also a proud member of Singapore’s PayNow network and a participant in the FAST payment system.

For more information, please visit: https://liquidgroup.sg/

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