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India and Singapore to link their payments systems to enable 'instant and low-cost' cross-border transactions

Published by Techcrunch on Tue, 14 Sep 2021


India and Singapore are working to link their digital payments systems to enable 'instant, low-cost fund transfers,' in a major push to disrupt cross-border transactions, the central banks of the two nations said on Tuesday. The project to link India's Unified Payments Interface (UPI) and Singapore's PayNow is targeted for operationalization by July 2022, Reserve []
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