With UPI-PayNow linkage Modi government makes a grab at the India outside India

The UPI linkage with Singapore's PayNow for faster and cheaper cross-border fund transfers through mobile apps is a step in that direction. The cost of international money transfer is nearly 5%, which the India-Singapore linkage can cut to less than half.

from Banking/Finance-Industry-Economic Times https://ift.tt/6LkYN2r