Question
RBI’s Unified Payments Interface and the Monetary
Authority of Singapore’s ________ link their respective fast payment systems for better transaction experience?Solution
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announced a project to link their respective fast payment systems by July 2022. India’s home-grown payments system, the Unified Payments Interface (UPI), will be linked to Singapore’s PayNow.
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