News > UPI, Singapore's PayNow integration soon: Official at G20 meet
UPI, Singapore's PayNow integration soon: Official at G20 meet
09/01/2023 06:29 PM | Click to read full article
The Monetary Authority of Singapore on January 9 said the integration of India's Unified Payment Interface (UPI) and equivalent network in Singapore, known as PayNow, will begin anytime soon, which in turn will reduce the remittance cost by 10%. There will be interoperability of the two digital payment networks, allowing seamless remittances between the two countries at a highly competitive rate.
