As India and Singapore on Tuesday linked their respective online payments systems for seamless cross-border transactions between the two countries, Singaporean High Commissioner to India Simon Wong Wie Kuen on Tuesday said this collaboration would take bilateral relations to greater heights and his country looks forward to continuing to be part of India s digital transformation journey.
India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between one of the world's biggest recipients of remittances and an Asian financial powerhouse.
The UPI-PayNow linkage will enable users of the two fast payment systems in either country to make convenient, safe, instant, and cost-effective cross-border funds transfers using their respective mobile apps.