With which country has Unified Payments Interface ( UPI ) launched cross - border connectivity?
Prime Minister Narendra Modi and Prime Minister of Singapore Lee Hsien Loong inaugurated the virtual launch of cross - border connectivity between the Unified Payments Interface ( UPI ) and PayNow in Singapore on February 21, 2023 . With this initiative, people of both countries will get help in money transfers like getting funds instantly and at a low cost from their mobiles . According to the data released by the National Payments Corporation of India ( NPCI ) , UPI recorded over 7 . 82 billion transactions worth Rs 12 . 82 trillion in December 2022 which is a major record in itself .
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