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Unified Payments Interface (UPI)
Disruption and Digitalisation
MAS and Reserve Bank of India launch real-time payment linkage between PayNow and India's UPI
From today, residents of Singapore and India can make monetary transfers using their mobile phone number, UPI identity or VPA.
February 21, 2023
Fintech
Singapore's PayNow to link with India's Unified Payments Interface by July 2022
Once implemented, fund transfers from Singapore to India can be made using UPI virtual payment addresses (VPA).
September 14, 2021