NPCI expands UPI’s linkage with Singapore’s PayNow: Here’s what this means for users
NPCI expands UPI’s linkage with Singapore’s PayNow: Here’s what this means for users
India and Singapore have linked their digital payments systems, UPI and PayNow, allowing for instant, secure, and cost-effective cross-border remittances. The facility is available on BHIM, PhonePe, and Paytm, with more banks and Third-Party Application Providers expected to be added soon. The funds are transferred in real-time, reaching the recipient's bank account within seconds. The collaboration between RBI and MAS has played a pivotal role in fostering the growth of India's digital payment ecosystem.
India and Singapore have linked their digital payments systems, UPI and PayNow, allowing for instant, secure, and cost-effective cross-border remittances. The facility is available on BHIM, PhonePe, and Paytm, with more banks and Third-Party Application Providers expected to be added soon. The funds are transferred in real-time, reaching the recipient's bank account within seconds. The collaboration between RBI and MAS has played a pivotal role in fostering the growth of India's digital payment ecosystem.
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India and Singapore have linked their digital payments systems, UPI and PayNow, allowing for instant, secure, and cost-effective cross-border remittances. The facility is available on BHIM, PhonePe, and Paytm, with more banks and Third-Party Application Providers expected to be added soon. The funds are transferred in real-time, reaching the recipient's bank account within seconds. The collaboration between RBI and MAS has played a pivotal role in fostering the growth of India's digital payment ecosystem. 
