India and Singapore initiate UPI-PayNow linkage

rawan239

2 years ago

Indian Prime Minister Narendra Modi and Singapore PM Lee Hsien have launched the linkage of UPI and PayNow, their fast payment methods

In a virtual meeting, the Prime Ministers of both countries agree upon a joint

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venture to provide cross-border transactions.

As per a survey conducted by the National Payments Corporation of India (NPCI), a record of 7.82 billion transactions is evident in UPI payments in 2022.