This collaboration builds upon the existing Unified Payments Interface (UPI) linkage between India and Singapore
As part of the partnership, STB and PhonePe will both invest in joint marketing efforts across India and Singapore
The NPCI has also inked agreements with multiple countries, including Nepal, France, Sri Lanka, and UAE to take UPI global apart from Singapore
The Singapore Tourism Board (STB) and fintech major PhonePe have entered into a two-year strategic partnership to promote UPI payments for Indian visitors in Singapore.
Indian travellers can now use the PhonePe app across 8,000+ merchants in Singapore.