The UPI linkage with Singapore's PayNow for faster and cheaper cross-border fund transfers through mobile apps is a step in that direction. The cost of international money transfer is nearly 5%, which the India-Singapore linkage can cut to less than half.source https://economictimes.indiatimes.com/industry/banking/finance/banking/with-upi-paynow-linkage-modi-government-makes-a-grab-at-the-india-outside-india/articleshow/98152334.cms
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