𝕏xSG BusinessBanking first seen 4 d ago, last 6 h ago, peak #6
India and Singapore link real-time payment systems
Original: BREAKING NEWS INDIA AND SINGAPORE LINKED THEIR SYSTEMS THAT ENABLE REAL-TIME MONEY TRANSFERS BETWEEN THE TWO COUNTRIES R
India and Singapore have connected their instant payment systems, enabling real-time money transfers between the two countries. The link is being described as a major step in cross-border financial infrastructure, allowing users in each country to send money instantly rather than waiting days for conventional remittances. It is seen as a model for future payment corridors between other nations.
Why now: News of a major cross-border instant payments link has just broken, drawing wide attention to its implications for remittances and fintech.
Evidence
- BREAKING NEWS INDIA AND SINGAPORE LINKED THEIR SYSTEMS THAT ENABLE REAL-TIME MONEY TRANSFERS BETWEEN THE TWO COUNTRIES Real time transfers... · GoldTelegraph · 1.9K
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