CURRENT AFFAIRS : BANKING & FINANCE
India & Singapore launch joint digital payment mechanism enabling easy and faster cross-border transactions
- The Prime Minister (PM) of India Shri Narendra Modi and his Singapore counterpart Lee Hsien Loong launched cross-border connectivity between the Unified Payments Interface (UPI) of India and PayNow of Singapore through video conferencing.
- The launch was done by RBI Governor Shaktikanta Das and Ravi Menon, Managing Director, Monetary Authority of Singapore.
