People in S’pore, India can make faster transfers with UPI-PayNow: PM Lee

Singapore Prime Minister Lee Hsien Loong on Tuesday said the linkage between India’s Unified Payments Interface (UPI) and Singapore’s PayNow will allow people in the two countries to undertake faster and cost-efficient digital transfers, and exuded hope that this “strong partnership” will continue to spawn innovative technology solutions.

Prime Minister Lee and his Indian counterpart Narendra Modi witnessed the launch of the cross-border connectivity of real-time digital payment systems via video conferencing.

“I am very happy to join you (Narendra Modi) virtually for the launch of the real-time retail payment systems linkage between Singapore’s PayNow and India’s UPI (Unified Payments Interface),” Lee said.