What's New in Payments

India and Singapore link up their national payments networks

PM launches RuPay in Singapore — The Tribune — “The RuPay digital payments system was linked up with Singapore‚Äôs 33-year-old Network for Electronic Transfers (Nets). RuPay users will be able to make payments at all Nets acceptance points across Singapore. Holders of Singapore Nets will be able to make online purchases on the National Payments Corporation of India (NPCI) e-commerce merchant website, using 2.8m RuPay point-of-sale terminals in India.”