India and Singapore have integrated their respective real-time payment network for the first time to facilitate cross-border exchange. India’s Unified Payments Interface (UPI) and its equivalent in Singapore known as PayNow have been conjoined. This will enable transfer of remittances, funds and payments between the two countries in a quick and real-time.
What is the significance of UPI-PayNow linkage?
What is UPI?
What is PayNow?