India’s Unified Payments Interface (UPI) is shortly to be connected to comparable networks in Indonesia, Mauritius, and the United Arab Emirates (UAE). This occurs a week after Singapore’s PayNow launched cross-border connection for real-time digital payments.
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The service would be made available to Singapore users through DBS-Singapore and Liquid Group, according to the Central Bank of India (RBI) (a non-bank financial institution).
Direct benefit transfers total Rs 5.5 trillion so far in FY23
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