RBI said the UPI-PayNow linkage is a significant milestone in the development of infrastructure for cross-border payments between India and Singapore, and closely aligns with the G20's financial inclusion priorities of driving faster, cheaper and more transparent cross-border payments.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/india-singapore-launch-project-to-link-upi-and-paynow-for-instant-fund-transfers/articleshow/86191340.cms
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