Bank Of Baroda Customers Alert: What Is bob इ Pay & How Can NRIs Send Money From This New UPI Service?

In a major good news, Bank of Baroda has launched a new UPI services for its NRI customers. This new application is called as bob इ Pay, offering three international features like UPI Global Acceptance, Foreign Inward Remittance and UPI Services for NRIs.

This new app is in addition to the global UPI functionalities in the bob इ Pay app will enable seamless, secure and real-time cross-border digital payments and remittances for Indian and NRI customers.

Here are the details of the three features:

1. UPI Global Acceptance:

Bank of Baroda customers travelling abroad can now conveniently use their bob इ Pay app to make QR Code-based payments to international merchants directly from their Indian bank account. This service is available in 8 countries that accept UPI - Mauritius, Singapore, UAE, USA, France, Sri Lanka, Nepal, and Bhutan.

2. Foreign Inward Remittances from Singapore Residents

Bank of Baroda customers in India can now receive 24x7 real-time remittances from Singapore residents through bob इ Pay app for the purpose of family maintenance. Singapore residents can send money to a bob इ Pay user in India simply by entering the recipient's registered UPI ID/VPA. The sender will enter the amount in Singapore Dollars (SGD) and the beneficiary will receive the funds in Indian Rupees (INR) directly into their UPI-linked bank account.

3. UPI Services for NRIs:

Using the bob इ Pay app, Bank of Baroda's NRI customers can now send and receive money through UPI. During visits to India, NRI customers can link their NRE/NRO accounts to the bob इ Pay app using a domestic mobile number and make seamless UPI payments at merchant outlets as well as peer-to-peer fund transfers.

In a day, the transaction limit is set at Rs 1 lakh which is same as the domestic UPI transaction limit.

Sanjay Mudaliar, Executive Director, Bank of Baroda said, "UPI has revolutionised digital payments in India, and we are pleased to now extend its benefits to international use through bob इ Pay International. These new features provide greater flexibility and convenience to our resident & NRI customers and reflects our commitment to develop user-centric and innovative digital banking solutions."

Overall, bob इ Pay app, an indigenous UPI application of Bank of Baroda, is available for both customers and non-customers. The app has a registered user base of 1.3 million customers in a short span of time.

About Bank of Baroda:

The bank serves its global customer base of over ~180 million through around 65,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank's vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.