PM Narendra Modi and Prime Minister of Singapore Lee Hsien Loong participate in the Virtual Launch of UPI-PayNow Linkage between India and Singapore

0
863
PM and the Prime Minister of Singapore, Mr. Leehsienloong witnessing the launch of UPI-PayNow linkage between the two countries via video conferencing on February 21, 2023.
PM and the Prime Minister of Singapore, Mr. Leehsienloong witnessing the launch of UPI-PayNow linkage between the two countries via video conferencing on February 21, 2023.
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:1 Minute, 14 Second

PM Narendra Modi and Prime Minister of Singapore Lee Hsien Loong participate in the Virtual Launch of UPI-PayNow Linkage between India and Singapore

UPI PayNow Linkage will make Cross Border Remittances Easy, Cost-Effective and Real Time

Governor, RBI and MD, MAS make the first cross-border transaction between India and Singapore

By PIB Delhi

Prime Minister Shri Narendra Modi and Prime Minister of Singapore, Mr. Lee Hsien Loong participated in the virtual launch of real time payment linkage between the Unified Payments Interface (UPI) of India and PayNow of Singapore. Shri Shaktikanta Das, Governor of Reserve Bank of India and Mr. Ravi Menon, Managing Director, Monetary Authority of Singapore made live cross-border transactions to each other using their respective mobile phones.

Singapore is the first country with which cross border Person to Person (P2P) payment facility has been launched. This will help the Indian diaspora in Singapore, especially migrant workers/students and bring the benefits of digitalisation and FINTECH to the common man through instantaneous and low-cost transfer of money from Singapore to India and vice-versa. Acceptance of UPI payments through QR codes is already available in selected merchant outlets in Singapore.

The virtual launch was preceded by a phone call between the two Prime Ministers, wherein discussions were held on areas of mutual interest. Prime Minister thanked Prime Minister Lee for his partnership in taking the India-Singapore relationship forward and looked forward to working with him under India’s G20 Presidency.

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Advertisements

USD





LEAVE A REPLY

Please enter your comment!
Please enter your name here