India and Singapore to integrate their payment systems UPI & PayNow for instant fund transfers

The Reserve Bank of India announced on Tuesday that India and Singapore will integrate their respective fast payment systems Unified Payments Interface (UPI) and PayNow, in order to allow customers to make instant, low-cost money transfers on a reciprocal basis. The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) jointly announced a proposal to … Continue reading India and Singapore to integrate their payment systems UPI & PayNow for instant fund transfers