upi-paynow

As India and Singapore on Tuesday linked their respective online payments systems for seamless cross-border transactions between the two countries, Singaporean High Commissioner to India Simon Wong Wie Kuen on Tuesday said this collaboration would take bilateral relations to greater heights and his country looks forward to continuing to be part of India's digital transformation journey.Unified Payments Interface (UPI) of India and PayNow of Singapore have been linked earlier today at a virtual event, which was attended by…

Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash, as Unified Payments Interface (UPI) is increasingly becoming the most preferred payment mechanism in the country.Modi after the launch of the cross-border connectivity between the UPI and PayNow of Singapore said about 74 billion transactions amounting to more than Rs. 1,26,00,000 crore, which is approximately SGD 2 trillion, was done through UPI in 2022."Many experts are estimating that very soon India's digital …