Cross-border connectivity to be launched between UPI of India and PayNow of Singapore
Linkage of these two payment systems to enable faster and cost-efficient transfer of money
Will help the Indian diaspora in Singapore in transfer of money from Singapore to India and vice-versa
The launch will be done by Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), and Mr. Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS).
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