Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 196)
196.
Which country has collaborated with major UPI apps for real-time remittances, allowing Indians to receive funds directly into their bank accounts through the UPI-PayNow linkage?
Answer: Option
Explanation:
The groundbreaking UPI-PayNow linkage, announced by the NPCI, has opened avenues for real-time remittances from Singapore to India. Major UPI and bank apps, such as SBI, Axis, ICICI, BHIM, PhonePe, and Paytm, have been enabled for this service. This collaboration marks a significant advancement in facilitating instant, secure, and cost-effective cross-border transactions between India and Singapore.
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