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14/09/2021 3:26:52 PM | Source: PR Agency
India and Singapore to link their Fast Payment Systems, UPI and PayNow by Mr. Asheesh Chanda, Kristal.AI
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India and Singapore to link their Fast Payment Systems, UPI and PayNow by Mr. Asheesh Chanda, Kristal.AI

Below are Views On India and Singapore to link their Fast Payment Systems, UPI and PayNow By Mr. Asheesh Chanda, Founder and CEO of Kristal.AI

"This is a very positive and encouraging announcement. The reduction in time & charges for cross-border payments will help grow trade between India & Singapore. From an investing perspective, this will incentivize more retail investors to access global markets. Currently, they pay upto Rs.3000 in inter-bank charges which are over & above the LRS processing fees by banks. This eats into their returns and hence discourages small investors from accessing global markets. The project is a welcome initiative and we look forward to its final rollout."

 

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