Yono-upi integration via paynow to provide bigger reach for India-bound transactions from singapore-Amar Ujala Hindi News Live

Yono-upi integration via paynow to provide bigger reach for India-bound transactions from singapore-Amar Ujala Hindi News Live
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The plan to connect Yono-UPI through Pay Now will have a positive impact on transactions coming from Singapore to India. This was said by State Bank of India on Wednesday. According to SBI, the Yono-UPI-Penau Linkage is taking place at a time when Singapore Monetary Authority (MAS) and the banks of banks in Singapore (ABS) have announced a plan to introduce two new payment solutions in the middle of this year. . Due to this, both corporate and retail check users will be able to get e-payment. SBI Singapore CEO MP Shiva told PTI on Wednesday, “SBI is considering joining Singapore UPI for future improvement. UPI is the initiative system of the Government of India which is a single interface to many bank accounts through single interfaces Operates. ”

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He said, “The scheme of Integration Yono-UPI through Penau will provide a big access to the transactions coming from Singapore to India.” Shiva further said that Singapore is one of the most important markets and we would like to be the best in providing services, as there is already a wide range of digital transactions.

With the Yono Mobile App, customers will be able to manage their finance with a few taps. From sending funds to India, bill payments, local payment systems such as MAS Electronic Payment System (MEPS), General Interbank Recursing Order (GIRO) and Penau transfer to funds. “The management of transactions through SBI mobile banking platform is very easy,” he said.

The banking application for SBI Singapore operations has been developed on a safe and strong structure for SBI Singapore operations, which includes the user interface and experience in the Yono Global and it is Singapore’s leading retail Provides services like banks. Singapore is one of India’s largest trade and investment partners in the Southeast Asian region. Yono Singapore was launched in October 2024 and is expected to download 1,500 in this financial year.

(Tagstotranslate) SBI (T) PayNow (T) Yono (T) UPI (T) India (T) Singapore (T) Singapore (T) Business News in Hindi (T) Business Diary News in Hindi (T) Business Diary Hindi News (T) SBI SBI (T) Pay Now (T) Vono

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