The link will enable users to make instant, low-cost fund transfers directly from one bank account to another between Singapore and India.
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India has announced that they plan to link both country’s real-time payment systems on Sept 14.
Singapore’s PayNow and India’s Unified Payments Interface (UPI) will be linked by July 2022, announced the central banks from both countries.
