Overview

• NPCI International added 13 more Indian banks to bring the remittance network to 19 participants as of July 17.
• Seven banks among the expanded network now support outbound transfers from India to Singapore.
• Recipients in India can receive funds instantly through UPI apps such as BHIM, Google Pay and PhonePe.
• Singapore customers of DBS SG and Liquid Group can now send money directly to UPI-enabled accounts in India.
• NPCI International is targeting similar real-time linkages in markets including Namibia, the UAE and Trinidad and Tobago.