UPI with PayNow in Singapore is expected to go live soon

January 10, 2023

, By Sarika Parmar

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The integration of India’s Unified Payments Interface (UPI) with PayNow in Singapore is expected to go live soon.

“The integration of UPI and Singapore’s PayNow with India is complete and ready for launch,” according to the news agency. Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore (MAS), was quoted by PTI as saying on the sidelines of the G20 First Working Group meeting on financial inclusion in Kolkata. The project’s implementation will reduce the cost of sending remittances by up to 10%: a Monetary Authority of Singapore official. NPCI MD and CEO Dilip Asbe reiterated that three to four countries have already expressed an interest in adopting UPI, and that implementation would take 2-3 years.

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UPI with PayNow in Singapore is expected to go live soon

January 10, 2023

, By Sarika Parmar

The integration of India’s Unified Payments Interface (UPI) with PayNow in Singapore is expected to go live soon.

“The integration of UPI and Singapore’s PayNow with India is complete and ready for launch,” according to the news agency. Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore (MAS), was quoted by PTI as saying on the sidelines of the G20 First Working Group meeting on financial inclusion in Kolkata. The project’s implementation will reduce the cost of sending remittances by up to 10%: a Monetary Authority of Singapore official. NPCI MD and CEO Dilip Asbe reiterated that three to four countries have already expressed an interest in adopting UPI, and that implementation would take 2-3 years.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Smartphone manufacturer Apple accelerated its plans to open retail stores in India

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AIC calls Parliamentary panel report on anti-competitive practices by large tech companies

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