India, Singapore to link UPI with PayNow for instant cross-border transfers by July 2022
RBI and Monetary Authority of Singapore are connecting UPI with Singapore's PayNow to enable instant, low-cost cross-border fund transfers. Users can transact reciprocally without onboarding to the other system, with operationalisation targeted for July 2022.
RBI and Monetary Authority of Singapore are linking UPI with Singapore's PayNow for instant, low-cost cross-border fund transfers, slated for operationalisation by July 2022, enabling reciprocal transfers without onboarding to the other payment system.
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- Moneycontrol · Results — Same time
- Moneycontrol · Results — Same time