Sending Money to Singapore Just Got Easier: 13 More Banks Join UPI-PayNow Linkage
Sending money from India to Singapore has become significantly easier with the addition of 13 more banks to the UPI-PayNow linkage. This expansion provides individuals and businesses with a wider range of options for seamless cross-border remittances.
Participating Banks Expand Remittance Options
The UPI-PayNow linkage now includes Canara Bank, HDFC Bank, and Karur Vysya Bank, joining the existing partners ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India. This collaborative effort between NPCI International and participating banks opens doors for quicker and more convenient money transfers.
Benefits for Users
This expansion of the UPI-PayNow network brings several key advantages. It simplifies international money transfers, reduces transaction costs, and offers increased speed and efficiency. This streamlined process empowers individuals and businesses to manage their cross-border finances more effectively.
