Bank of Baroda has announced an international expansion of its Unified Payments Interface (UPI) application, bob इ Pay.
The development introduces three new services, UPI Global Acceptance, foreign inward remittances from Singapore, and UPI facilities for non-resident Indians (NRIs).
The enhancements mark a significant step in enabling seamless, secure, and real-time cross-border transactions for both resident Indians and the diaspora.
Customers travelling abroad can now use the bob इ Pay app to make QR code-based payments to international merchants across eight countries, including Mauritius, Singapore, the United Arab Emirates, the United States, France, Sri Lanka, Nepal, and Bhutan.
Transactions will be displayed in both Indian and international currencies, with exchange rates and applicable fees highlighted for greater transparency.
The bank has also introduced 24×7 real-time remittances from Singapore residents to India.
Using a registered UPI ID, funds sent in Singapore dollars will be credited directly in Indian rupees to recipients’ bank accounts linked with UPI.
In addition, NRI customers visiting India can link their NRE or NRO accounts to the bob इ Pay app through a domestic mobile number, enabling them to carry out merchant payments and peer-to-peer transfers with ease.
Announcing the launch, Sanjay Mudaliar, Executive Director, Bank of Baroda, said “UPI has revolutionised digital payments in India, and we are pleased to now extend its benefits to international use through bob इ Pay International. These new features provide greater flexibility and convenience to our resident and NRI customers, reflecting our commitment to developing user-centric and innovative digital banking solutions.”
The services will follow the same transaction limits as domestic UPI transfers, capped at Rs 1,00,000 per transaction per day.
With a registered user base of 1.3 million, the bob इ Pay app is available to both customers and non-customers of the bank.
The expansion underscores Bank of Baroda’s commitment to strengthening digital adoption and providing a broader range of payment solutions to its global clientele.
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