Real-time cross-border fund transfers via phones
05/10/2021
By end of next year, Singapore and Malaysia consumers will be able to make real-time cross-border fund transfers using their mobile phones via the PayNow-DuitNow linkage, as announced by the 2 countries’ Central Banks recently.
In July 2022, PayNow will be linked with India’s Unified Payments Interface (UPI) real-time payment system.
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