How Indore-based fintech FidyPay processed 14X more transactions

The Reserve Bank of India (RBI) and the Monetary Authority Singapore (MAS) recently announced the UPI-PayNow linkage – the real-time

How Indore-based fintech FidyPay processed 14X more transactions

The Reserve Bank of India (RBI) and the Monetary Authority Singapore (MAS) recently announced the UPI-PayNow linkage – the real-time payment system linkage between India’s Unified Payments Interface (UPI) and its equivalent network of Singapore, PayNow. This is the first such linkage for India which is the world’s biggest recipient of remittances. Transfers of funds between the two countries will now be possible using just mobile phones due to the tie-up.

Let’s decode how this tie-up will benefit the Indian economy.

The tie-up will benefit the Indian economy on three major grounds:

1. Helping India becoming more integral to globalised economy

2. Supporting the fintech ecosystem

3. Better foreign remittance, and many more.

Share this Post

Recent Media

categories

Explore Other Cashfree Payments Product

PAYMENT LINKS

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque tempor dolor ac purus varius placerat. Quisque tortor purus, imperdiet eget feugiat vitae sodales nec arcu. In porta nunc eget tellus congue consectetur

SUBSCRIPTION

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque tempor dolor ac purus varius placerat. Quisque tortor purus, imperdiet eget feugiat vitae sodales nec arcu. In porta nunc eget tellus congue consectetur

EASY SPLIT

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque tempor dolor ac purus varius placerat. Quisque tortor purus, imperdiet eget feugiat vitae sodales nec arcu. In porta nunc eget tellus congue consectetur

AUTO COLLECT

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque tempor dolor ac purus varius placerat. Quisque tortor purus, imperdiet eget feugiat vitae sodales nec arcu. In porta nunc eget tellus congue consectetur

Recent Media