India and Singapore to link UPI and PayNow to foster trade, travel and remittance

This linkage will allow users of either of the payment systems in the respective countries to make money transfers on a reciprocal basis without getting on-boarded on the other network, the Indian central bank said in a press release on Monday. The project is being targeted for operationalisation by July 2022, RBI said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3C7CZlc