A global pilot demo of BHIM UPI QR-based payments was highlighted at the Singapore FinTech Festival 2019.
This is the first time that BHIM app has gone international.
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.
The project is being jointly developed by the National Payments Corporation of India (NPCI) and the Network for Electronic Transfers (NETS) of Singapore.