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    Question

    RBI’s Unified Payments Interface and the Monetary

    Authority of Singapore’s ________ link their respective fast payment systems for better transaction experience?
    A Paynow Correct Answer Incorrect Answer
    B Paynear Correct Answer Incorrect Answer
    C Paysafe Correct Answer Incorrect Answer
    D Payfast Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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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