India, Singapore link digital payment systems

India and Singapore on Tuesday linked the Unified Payment Interface (UPI) network with Singapore’s PayNow, enabling instant fund transfers between users in both countries, at a much lower cost than going through banks. “The launch of UPI-Pay Now Link today is a much-awaited gift to the citizens of both countries. With this facility, a cheaper and real-time option for remittances between the two countries would be possible," said PM.