Friday, 24 March, 2023

India, Singapore working to enable cross border payments of funds

<p>India and Singapore are working to link both the countries&#39; national payment systems, to enable cross-border payments of funds. The linking of the &quot;PayNow&quot; interface of Singapore, and the &quot;Unified Payments Interface&quot; of India is to be completed by July 2022 and would enable residents to easily transfer small funds to each other even through mobile numbers. In April 2021, Singapore inked a similar pact with Thailand&#39;s PromptPay.</p> <p>&nbsp;</p> <p>&nbsp;</p>