UPI-PayNow Live on 19 Indian Banks as India-Singapore Corridor Expands

The corridor is built on RBI–MAS (Monetary Authority of Singapore) collaboration, positioning cross-border remittances as secure and low-cost. The infrastructure also enables UPI payments at merchant outlets in Singapore via QR codes, streamlining travel expenses for Indians in the island nation.

For the Indian diaspora and students in Singapore, the corridor removes friction from pocket money transfers and family support payments. The instant settlement capability and low-cost structure make frequent small transfers viable, addressing a key pain point in remittance flows.