The launch was officiated by Singapore’s prime minister Lee Hsien Loong and India’s prime minister, Narendra Modi.
Residents in Singapore and India will now be able to send and receive funds between their bank accounts and e-wallets across the two countries in real time.
On Feb 21, the Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI).
