Indias UPI And Singapores PayNow Integrated: What This Means, Who Benefits

Prime Minister Narendra Modi and Singapore PM Lee Hsien Loong have launched the cross-border connectivity between India's Unified Payments Interface (UPI) and Singapore's Penau." In today's era, technology connects us to each other in several ways. Fintech is a sector that connects people to each other. Normally, it is confined within the boundaries of one country. But today's launch has started a new chapter of cross-border Fintech connectivity,” added Modi at the virtual launch.Singapore, especially migrant workers and students through instantaneous and low-cost transfer of money from Singapore to India and vice-versa.