Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Uniindia: Kolkata, Feb 21 (UNI) Axis Bank has successfully enabled cross-border transactions in real-time via the UPI Network.
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Uniindia: Kolkata, Feb 21 (UNI) Axis Bank has successfully enabled cross-border transactions in real-time via the UPI Network.
India and Singapore have completed the UPI-PayNow linkage to enable cross-border transactions between the two payment systems.
Nepal became the first foreign country to deploy the UPI as a payment platform, officials said, adding that the collaboration between the neighbours Manam Infotech and Gateway Payments Service has made person-to-person P2P, person-to-merchant P2M and cross-border payments operational.In Malaysia, Merchantrade Asia has partnered with the NPCI International to offer real-time remittances to India.
PM Narendra Modi along with his Singaporean counterpart Lee Hsien Loong witnessed the launch of cross-border connectivity between the UPI and PayNow of Singapore via video conferencing.
As India and Singapore on Tuesday linked their respective online payments systems -- Unified Payments Interface (UPI) of India and PayNow of Singapore -- for cr