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Singapore, India launch real-time cross-border payment link

( February 21, 2023, 08:43 GMT | Official Statement) -- MLex Summary: The central banks of Singapore and India today launched a linkage enabling real-time cross-border fund transfers between participating bank accounts or e-wallets across the two countries using just mobile phone numbers or virtual payment addresses. The linkage between Singapore’s PayNow and India’s Unified Payments Interface is the first to feature a non-bank financial institution as a participant, Liquid Group.The full statement follows: ...

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