India and Singapore to link their payments systems to enable ‘instant and low-cost’ cross-border transactions

India and Singapore are working to link their digital payments systems to enable “instant, low-cost fund transfers,” in a major push to disrupt the cross-border transactions between the two nations that amounts to over $1 billion each year. The project to link India’s Unified Payments Interface (UPI) and Singapore’s PayNow is targeted for operationalization by […]

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