India’s Unified Payments Interface — better known as UPI — and Singapore’s PayNow were officially connected on Tuesday, allow for a “real-time payment linkage”. The virtual launch was led by a phone call between Prime Minister Narendra Modi and his Singaporean counterpart Lee Hsien Loong.
“Today is a special day for India-Singapore friendship and for our efforts to deepen collaboration in FinTech and innovaton. The participation of my friend PM Lee Sien Loong made this morning’s programme even more special,” Mr. Modi said. The linkage is set to ease financial transactions for the Indian diaspora.
Read More at https://www.thehindu.com/news/national/india-singapore-launch-linkage-of-real-time-payment-systems/article66535050.ece
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