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13 More Indian Banks in UPI
July 20 , 2025
16 hrs 0 min
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- The NPCI International adds 13 more banks in UPI-PayNow linkage to ease remittances.
- The NPCI International Payments Ltd (NIPL) is the international arm of the National Payments Corporation of India (NPCI).
- It is extending its reach and simplifying cross-border remittances between India and Singapore.
- It facilitates real-time cross-border fund transfers between individuals.
- Now, the Indian users can receive funds via UPI ID and send funds to users in Singapore via their mobile number or Virtual Payment Address (VPAs).
- The UPI-PayNow service was launched as a joint initiative between the RBI and the Monetary Authority of Singapore (MAS).
- The expanded network for remittances to India now includes 19 banks.
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