UPI-PayNow tie-up gains currency, cuts cost of remittance

November 9, 2023

In the case of the PayNow-UPI linkage, reports said that for workers staying in Singapore for a brief period, the linkage would help them save at least 10% of the amount paid as bank fees for money transfers. Accounting for persons of Indian origin and non-resident Indians, there are around 650,000 Indians in Singapore.

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