India and Singapore UPI-PayNow Cross-Border Payment System launched

Prime Minister Narendra Modi and Singapore’s Lee Hsien Loong initiated a connection between India’s Unified Payments Interface (UPI) and Singapore’s PayNow, making India the first South Asian nation to have a real-time overseas payments link. This is a noteworthy development for India, which is the world’s largest remittance recipient. Continue reading “India and Singapore UPI-PayNow Cross-Border Payment System launched”