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Real Live Experience - UPI Payment in Foreign Country

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Finance Mentor
abhishek012

Real Live Experience - UPI Payment in Foreign Country:

This information is shared by twitter users akshat_money and another person @aniket

akshat_money shared his experience in Sri Lanka -

He Paid via UPI in Srilanka.

Note - UPI accept almost everywhere on Lanka QR codes.

He share this pic - While global credit & debit cards were not getting accepted, an Indian product (UPI) was getting accepted in Srilanka !!

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UPI is accepted via Lanka QR code in Sri Lanka

Lanka QR code is comman and can be found at many places in Srilanka

You just need to scan Lanka QR via any UPI App (Currently, GPay, Phonepe, Paytm, Bhim app is live on UPI International)

Note - you need to activate your UPI International transaction from your UPI app setting.

On scanning, You will be asked to enable International UPI

As a second step, It will show the conversion rate and the amount in Indian Rupees

Conversion rate is better than market rate.

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You need to follow the regular process of entering your PIN

Once you enter your PIN, your transaction will go through

Congratulations you have paid for Sri Lanka currency via UPI

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He also confirmed only Rs180.16 debited from his bank account, no extra charges. Conversion fee already included.

If we compare with google rate then this is the best conversion rate.

Remember - Some banks dnt charge you conversion fee.

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@aniket shared his experience in Nepal -

1 week ago, He shared the information of these 2 payments through UPI in Nepal.

Note - currently Phonepe app working on UPI International payment in Nepal. Other apps showing some errors.

Conversation rate is 1 NPR = INR 0.625

He told me, ₹500 Debit from Indian bank account and NPR 800 Credit,

₹625 debit from Indian bank account and NPR 1000 Credit in Nepal's merchant account.

Currently, no MDR charges for Nepal merchants.

Yesterday i ask him to share some screenshots.

Today, he shared some payment screenshots

photo2024-03-1016-47-39

photo2024-03-1016-47-55

photo2024-03-1016-48-00

photo2024-03-1016-48-05

photo2024-03-1016-48-11

photo2024-03-1016-48-16

photo2024-03-1016-48-20

photo2024-03-1016-48-25

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Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Deal Baba Deal Baba
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Can we buy  some parts of Pak by paying through UPI?

Deal Baba Deal Baba
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Can we buy  some parts of Pak by paying through UPI?

Pro Entertainer Pro Entertainer
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Jitne aapke dimes hai utne mai pura pak aa jayega🥲

Deal Cadet Deal Cadet
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What is way to traveling to Sri Lanka.

The flights are very expensive.

Flight from Delhi to Kerala cost 6-7K only. But Delhi to Sri Lanka Cost 25K. Surprisingly despite at very low distance, flight from Kerala to Sri Lanka cost 17-18K.

Can someone suggest cheaper alternate to travel to Sri Lanka?

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Deal Baba Deal Baba
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Can we buy  some parts of Pak by paying through UPI?

Benevolent Benevolent
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Generally Mysorepak is sold in full pieces by weight. 

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Hunk Hunk
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Let's go Thailand Bangkok

Benevolent Benevolent
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People going to Bangkok avoid digital payments for anonymity.

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Deal Cadet Deal Cadet
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5/6/10 rs may kya mil raha hai sri lanka mein ?

Finance Mentor Finance Mentor
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Woh Nepal ka hai. Nepalese momo. 😛

Khaoge ?
Deal Cadet Deal Cadet
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What is way to traveling to Sri Lanka.

The flights are very expensive.

Flight from Delhi to Kerala cost 6-7K only. But Delhi to Sri Lanka Cost 25K. Surprisingly despite at very low distance, flight from Kerala to Sri Lanka cost 17-18K.

Can someone suggest cheaper alternate to travel to Sri Lanka?

Helpful Helpful
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Chennai to Colombo by Flight is around 5K

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Deal Cadet Deal Cadet
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new fast ferry service started from Nagapattinam (Tamilnadu-70km from tricy via tanjore)) to Kankesanthurai (Jaffna )

like going by ship to andamans . will take time to travel and you should enjoy the process.

eons ago I hav travelled by ship to ceylon and later in late 1970's by flight from Trichy to Colombo.

https://timesofindia.indiatimes.com/city/trichy...

The service launched by the government-owned Shipping Corpor ..

Read more at:
http://timesofindia.indiatimes.com/articleshow/104435652.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Deal Cadet Deal Cadet
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How much ferry cost?
Benevolent Benevolent
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Is it only in Nepal and Srilanka?

Finance Mentor Finance Mentor
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Bhutan, Mauritius, UAE and Singapore merchant QR also support India's UPI payment.

@Parashuuram
Cool Cool
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sDsada

adsfsdfasdasfsa

Generous Generous
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kya hai sri lanka me?

Deal Colonel Deal Colonel
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Content Removed

contents
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Blaze Blaze
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Nice

Deal Newbie Deal Newbie
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NoT UNDERSTATING !!
Is it really a big deal??? Globally all banks and payment Industry are reforming as technology now enables to do design complex IT and bring Solutions to the people at large . People mostly Laymans highlight "the outward looking"Its a progressive Technology , banking networks , Internet providers, security Networks, Mobile Manufacturer's, IT`s like in 90`s when mobile networks came and People got there first hands on experience on wireless calling .

Finance Mentor Finance Mentor
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Short story - (Ya, its really a big deal)

Currently, for transactions between India and Sri Lanka, both the countries will have to open bank accounts in America. Indian banks deposit funds in US banks, which then transfer the funds to the US bank account of the Sri Lankan bank. The Sri Lankan bank then makes the payment to the local merchant.

And all these payments are made in US dollars, which reduces the foreign reserves of both the countries.

And its purpose is to keep both countries under the control of the United States, so that it can impose sanctions whenever it wants.

But now both countries can trade in their local currencies through local banks, saving foreign reserves as well.

Now, what's the benefit to us ?

Would you like to eat ? Do you want to stay alive ? So, its really a big deal for us.

Because from farming to getting all food items to our homes, we need fuel. 

And we pay for fuel with our foreign reserves, and also purchase defense weapons.

The rest of this has a major impact on many aspects in the long run. To go deeper into this, an essay would need to be written.
Heart of Gold Heart of Gold
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2.95% Forex Charges applicable as per 1st pic

Finance Mentor Finance Mentor
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Yes, 2.95% is included. After Paying Forex Charges, its still the best rate.
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Deal Subedar Deal Subedar
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Legends will have LKR72 entries

replyuser
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