More Nations Including Japan, Few From West, Interested In UPI: RBI
NDTV
On February 21, 2023, the RBI announced the first linkage of UPI by integrating it with Singapore's Paynow, paving the way for faster and more transparent remittances between the two countries
The Reserve Bank on Thursday said the internationalization of the unified payments interface (UPI) system is a work in progress as it works towards linking it with more and more overseas counterparts, including some in the West and Japan.
On February 21, 2023, the RBI announced the first linkage of UPI by integrating it with Singapore's Paynow, paving the way for faster and more transparent remittances between the two countries.
Reserve Bank Governor Shaktikanta Das launched the new linkage in association with his Singaporean counterpart Ravi Menon, who is the managing director of the Monetary Authority of Singapore.
