Explained | Who will benefit from the UPI-PayNow link?

Explained | Who will benefit from the UPI-PayNow link?

The “real-time payment linkage” between India’s Unified Payments Interface and Singapore’s PayNow is an initiative to push a UPI-based payment ecosystem. Photo: Twitter/@MAS_sg The story so far: On February 21, India’s Unified Payments Interface (UPI) and Singapore’s PayNow were officially connected to allow for “real-time payment linkage”. Singapore is the first country with which cross-border […]

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Indian origin banker issued prohibition order linked to 1MDB scandal of former Malaysian PM Najib Razak

Indian origin banker issued prohibition order linked to 1MDB scandal of former Malaysian PM Najib Razak

The former deputy CEO and head of private banking of BSI Bank Limited’s Singapore branch, was issued the prohibition and warned to report the suspicious transaction The former deputy CEO and head of private banking of BSI Bank Limited’s Singapore branch, was issued the prohibition and warned to report the suspicious transaction An Indian-origin banker […]

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China moots yuan pooling scheme to counter U.S. dollar dominance

China moots yuan pooling scheme to counter U.S. dollar dominance

The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC China’s central bank has signed an agreement […]

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