Current Affairs - International - Discussion

Singapore is the country where NPCI International Payments Limited (NIPL) partnered with Singapore-based FOMO Pay to expand UPI acceptance across its merchant network. The partnership was announced during the Global Fintech Fest and enables Indian consumers to make payments through UPI apps at participating merchants. Resorts World Sentosa became the first major merchant on the network to go live with UPI payments for booking experiences. The arrangement supports both online transactions and physical merchant payments, providing Indian travellers with a convenient digital payment option and reducing dependence on cash. NIPL, established in 2020 as a wholly owned subsidiary of NPCI, promotes Indian payment systems globally.