India and Singapore have announced to link their payment apps, namely UPI and PayNow which will allow instantaneous and low-cost money transfers between the two countries.
About the move:
Singapore has now become the first country with which cross-border Person to Person (P2P) payment facilities have been launched. |
Significance:
FINTECH or financial technology refers to the technological innovation in the design and delivery of financial services and products. |
Unified Payments Interface (UPI):
The digital rupee will be legal tender in and of itself and need not necessarily be backed up by physical currency. |
Authorities concerned:
Verifying, please be patient.
DELHI (Karol Bagh)
GS SCORE, 1B, Second Floor, Pusa Road, Karol Bagh, New Delhi - 110005 (Beside Karol Bagh Metro Station Gate No. 8)
BHUBANESWAR (Jaydev Vihar)
GS SCORE, Plot No.2298, Jaydev Vihar Square, Near HCG Day Care, BBSR - 751013
LUCKNOW (Aliganj)
GS SCORE, 2nd Floor, B-33, Sangam Chauraha, Sector H, Aliganj, Lucknow, UP - 226024