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Monday, November 25, 2024

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cross-border transaction

In a first, India links online payment systems for seamless cross-border transactions

21 Feb 2023

In a first-of-its-kind collaboration with another country, India and Singapore integrated their respective online payment systems — India's Unified Payments Interface (UPI) and Singapore's PayNow — on Tuesday to allow for seamless cross-border transactions between the two countries. Prime Minister Narendra Modi and Singaporean counterpart Lee Hsien Loong attended the...