India's national digital payment platforms are now on their way to Singapore. Prime Minister Narendra Modi has launched three of India's mobile payment platforms namely RuPay, BHIM and UPI via SBI's mobile apps at the 'Business, Innovation, and Community Event' in Singapore on Thursday.
PM Modi Launches BHIM, RuPay and SBI Apps in Singapore | V6 News
The launch of India's payment solutions startup, including UPI, in Singapore aims to expand the country's digital financial system on an international scale. To power the RuPay digital payment system, India has partnered with Singapore's 33-year-old Network for Electronic Transfers (NETS) to enable its users to make payments across Singapore. The platform will even allow them to make online purchases through the 2.8 million RuPay PoS terminals across e-commerce platforms across India.
The launch of RuPay, BHIM App and UPI by SBI, Singapore is a momentous occasion. India is building a strong partnership with Singapore in the digital world. pic.twitter.com/pl79jpfrmZ
— Narendra Modi (@narendramodi) May 31, 2018
