Bank of Baroda bank announced three international features to its Unified Payments Interface (UPI) app, bob इ Pay – UPI Global Acceptance, Foreign Inward Remittance and UPI Services for NRIs. The addition
of a suite of global UPI functionalities in the bob इ Pay app will enable seamless, secure and real-time cross-border digital payments and remittances for Indian and NRI customers.
Speaking on the launch, Shri 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 & NRI customers and reflects our commitment to develop user-centric and innovative digital banking solutions.”
Services Launched under bob इ Pay International:
- UPI Global Acceptance
Bank of Baroda customers travelling abroad can now conveniently use their bob इ Pay app to make QR Code-based payments to international merchants directly from their Indian bank account. This service is available in 8 countries that accept UPI – Mauritius, Singapore, UAE, USA, France, Sri Lanka, Nepal, and Bhutan.
Transaction amounts are displayed in both the International and Indian currencies, along with the exchange rate and applicable fees, giving complete clarity and transparency to users for conducting international UPI transactions.
- Foreign Inward Remittances from Singapore Residents
Bank of Baroda customers in India can now receive 24×7 real-time remittances from Singapore residents through bob इ Pay app for the purpose of family maintenance. Singapore residents can send money to a bob इ Pay user in India simply by entering the recipient’s registered UPI ID/VPA. The sender will enter the amount in Singapore Dollars (SGD) and the beneficiary will receive the funds in Indian Rupees (INR) directly into their UPI-linked bank account.
- UPI Services for NRIs
Using the bob इ Pay app, Bank of Baroda’s NRI customers can now send and receive money through UPI. During visits to India, NRI customers can link their NRE/NRO accounts to the bob इ Pay app using a domestic mobile number and make seamless UPI payments at merchant outlets as well as peer-to-peer fund transfers.
For all the above international UPI services, the per day and per transaction limit is Rs. 1,00,000/- (same as the Domestic UPI transaction limit).
bob इ Pay app, an indigenous UPI application of Bank of Baroda, is available for both customers and non-customers. The app has a registered user base of 1.3 million customers in a short span of time.
Customers can download the bob इ Pay app from Play Store or App Store and activate the desired services through the app’s settings.
