Tag: Digital payment

Data | India shifted from cheques to online money transfers faster than Singapore, US and Canada

Data | India shifted from cheques to online money transfers faster than Singapore, US and Canada

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Cashless transactions: A customer paying through UPI to avoid cash transactions at a medical store in Visakhapatnam | Photo Credit: K.R. Deepak On Tuesday, the cross-border connectivity between India’s Unified Payments Interface (UPI) and Singapore’s PayNow was launched. UPI is a popular mobile payment service which allows instant credit transfer from one bank account to […]

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India, Singapore launch linkage of real-time payment systems

India, Singapore launch linkage of real-time payment systems

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Prime Minister Narendra Modi. Prime Minister Narendra Modi, along with Singapore counterpart Lee Hsien Loong, on February 21 launched the cross-border connectivity of real-time digital payment systems via video conferencing. Now, the easy linkage between India’s Unified Payments Interface (UPI) and Singapore’s PayNow will allow residents across the two regions to undertake faster and cost-efficient […]

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