PayNow links up with India’s UPI for real-time cross-border payments

Singapore and India on Tuesday (Feb 21) launched a real-time link to facilitate cross-border fund transfers between bank accounts or e-wallets, using mobile phones. This is possible through a tie-up between Singapore’s PayNow facility and India’s Unified Payments Interface (UPI). Customers of participating financial institutions can transfer funds using just their mobile phone number, UPI […]