India, Singapore to link digital payment systems

india singapore to link digital payment systems

Sumary of India, Singapore to link digital payment systems:

  • The central banks of India and Singapore will link their digital payment systems for “instant, low-cost fund transfers”.
  • The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) on Tuesday announced a project to link their respective fast payment systems — Unified Payments Interface (UPI) and PayNow.

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