Mumbai : Bank of Baroda, India’s International Bank, today announced the launch
of UPI Global Reverse Acceptance, enabling international tourists,
overseas Indians and foreign wallet/payment application users from eligible
countries to make seamless international QR payments at Bank of Baroda UPI QR
merchants across India using their home-country banking or payment
applications. The initiative extends international QR payment acceptance across the
Bank’s merchant network, enhancing payment convenience for international visitors while giving Bank of
Baroda merchants access to a wider customer base.
In line with NPCI
International’s vision of enabling global interoperability for digital payments,
UPI Global Reverse Acceptance facilitates cross-border Person-to-Merchant (P2M) transactions in
India for international visitors from countries participating in NPCI
International’s Global Payments ecosystem. These include major international corridors
such as Singapore, UAE, Nepal, Bhutan, Mauritius, Sri Lanka, USA, Qatar and
France, among others.
Visitors can simply scan Bank of
Baroda UPI QR code using their home-country banking or payment application and complete
transactions instantly. It reduces the need to carry cash or exchange
foreign currency and offers a convenient payment experience while travelling in
India.
Shri Sanjay Mudaliar, Executive Director, Bank of Baroda said, "Bank of Baroda is proud to introduce UPI Global Reverse Acceptance,
an important step towards making digital payments more accessible across
borders. By enabling international visitors to make merchant payments through
payment applications they already use and are familiar with, we are enhancing
convenience for travelers while creating new business opportunities for our
merchants. UPI Global Reverse Acceptance strengthens our merchant acquiring
franchise and reflects Bank of Baroda’s commitment to innovation and building a
globally interoperable digital payments ecosystem.”
With UPI Global Reverse
Acceptance, Bank of Baroda is contributing to the Government of India’s Digital
India vision by promoting innovative and globally interoperable digital payment
solutions in India.