BHIM UPI goes global; QR code payments demonstrated at Singapore FinTech Festival

As a first step towards internationalisation, a pilot demo of BHIM UPI QR-based payments began in Singapore on Wednesday with a live transaction at a merchant terminal at the FinTech Festival 2019.

High Commissioner of India to Singapore Jawed Ashraf demonstrated the first transaction under the pilot run, which will continue during the Singapore FinTech Festival 2019 that is being held between November 11 and 15.

This QR code-based system would allow anyone with a BHIM app to scan the Singapore Quick Response Code (SGQR) at NETS terminals in Singapore for payments, said the high commissioner. “This is the first time that BHIM app has gone international,” he said.