Instant Money Transfers from Singapore to India Now Possible

Indians in Singapore can now send instant and secure remittances to India using major UPI apps and popular banks, thanks to a new cross-border linkage between UPI and PayNow. This collaboration between the RBI and Monetary Authority of Singapore strengthens ties and supports the Indian community living in Singapore. The linkage supports a wide range of apps and banks and offers competitive transaction fees for small and frequent remittances. The successful implementation of this initiative reflects the collaborative efforts of the RBI and MAS in promoting financial inclusion and fostering India's digital payment ecosystem.