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.
Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plans
Spandana Sphoorty Financial will raise up to Rs 400 crore through a rights issue as part of its Rs 750 crore FY26 equity plan. Board