Personal Finance
PayNow & UPI Users Can Now Transfer Funds to India Instantly
By Seedly  •  February 22, 2023
Singapore is a vibrant and cosmopolitan city-state with a large number of foreigners residing in the country. This means there’s a huge group of people who’re always remitting money back to their home countries, and we know that some of you might be losing out because of the foreign exchange rates, and these remittance services might not be instant in cases of emergencies. But this is no longer something to fret over! The Monetary Authority of Singapore (MAS) and the Reserve Bank of India have come together to link two amazing payment systems – Singapore’s PayNow and India’s Unified Payments Interface (UPI). PayNow lets people transfer money using just a mobile number, and UPI is India’s real-time payment system. This is great news for people who want to make cross-border payments between the two countries! If you know someone who can benefit from this service, inform them now! yay excited minions celebrating Source:...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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