UPI PayNow Linkage will make Cross Border Remittances Easy, Cost-Effective and Real Time
Governor, RBI and MD, MAS make the first cross-border transaction between India and Singapore

Prime Minister Shri Narendra Modi and Prime Minister of Singapore, Mr. Lee Hsien Loong participated in the virtual launch of real time payment linkage between the Unified Payments Interface (UPI) of India and PayNow of Singapore. Shri Shaktikanta Das, Governor of Reserve Bank of India and Mr. Ravi Menon, Managing Director, Monetary Authority of Singapore made live cross-border transactions to each other using their respective mobile phones.

Singapore is the first country with which cross border Person to Person (P2P) payment facility has been launched. This will help the Indian diaspora in Singapore, especially migrant workers/students and bring the benefits of digitalisation and FINTECH to the common man through instantaneous and low-cost transfer of money from Singapore to India and vice-versa. Acceptance of UPI payments through QR codes is already available in selected merchant outlets in Singapore.

The virtual launch was preceded by a phone call between the two Prime Ministers, wherein discussions were held on areas of mutual interest. Prime Minister thanked Prime Minister Lee for his partnership in taking the India-Singapore relationship forward and looked forward to working with him under India’s G20 Presidency.

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PM Modi hails 3 years of PM GatiShakti National Master Plan
October 13, 2024
PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionizing India’s infrastructure: Prime Minister
Thanks to GatiShakti, India is adding speed to fulfil our vision of a Viksit Bharat: Prime Minister

The Prime Minister, Shri Narendra Modi has lauded the completion of 3 years of PM GatiShakti National Master Plan.

Sharing on X, a post by Union Commerce and Industry Minister, Shri Piyush Goyal and a thread post by MyGov, the Prime Minister wrote:

“PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionizing India’s infrastructure. It has significantly enhanced multimodal connectivity, driving faster and more efficient development across sectors.

The seamless integration of various stakeholders has led to boosting logistics, reducing delays and creating new opportunities for several people.”

“Thanks to GatiShakti, India is adding speed to fulfil our vision of a Viksit Bharat. It will encourage progress, entrepreneurship and innovation.”