Title: PhonePe's Complete Guide to International Money Transfers: Usage, Fees and Precautions
1. Overview of PhonePe international transfers
PhonePe is one of India's leading digital payments platforms and one of the first to support UPI international payments.
2. Can PhonePe be used internationally?
Once activated for international use, users can use PhonePe to make QR code scanning payments to foreign merchants from their personal Indian bank accounts.
3. What is PhonePe International Transfer?
PhonePe International Transfer is a way to make UPI payments to selected businesses abroad, allowing Indian users to use the PhonePe app to transfer money when in other countries.
4. Eligibility for international use of PhonePe transfers
Currently, PhonePe's UPI international payments are only supported for selected businesses in Bhutan, Singapore, Nepal, UAE and Mauritius. Users are required to have a supported bank account linked to PhonePe.
5. How to activate PhonePe international transfers
Activating PhonePe international transfers is easy, users just need to complete a few steps in the PhonePe app to make three-way payments in India.
6. PhonePe fees for international transfers
While UPI transfers within India are usually free of charge, international payments come with bank-related international transfer fees.
7. Important note on currency exchange rates
When banks make international transfers, Indian rupees are converted into foreign currencies and the exchange rate mark-up may increase the charges incurred.
8. Payment by PhonePe when outside India
Users can make PhonePe payments by scanning QR codes of supported merchants while outside India.
9. Using PhonePe to send money abroad from India
The PhonePe International Transfer feature is not available for outgoing remittances and users should look for alternatives.
10. Receive money transfers from abroad in India using PhonePe
Users can receive remittances from abroad to their personal PhonePe accounts, provided the sender uses a service that supports international transfers to UPI accounts in India.
11. Concluding remarks
Atpay, as a professional provider of payment solutions, is deeply engaged in payment services in India, providing payment functions to customers at home and abroad, welcome inquiries and exchanges.
India Native Payments
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