DESK।
“Mahagram CEO Ram Shri Ram has said that” The linkage between India’s payments Interface and Singapore’s Pay Now is a new avenue of payment experience for India as it will help not only diaspora families in Singapore but will also support the india customers to send the money at the cheapest rate. Before this linkage residents and businesses used to send money through physical wire transactions, In Fact the cheapest available provider charges 8.6%.Whereas now customers can quickly send money which will benefit faster and cheaper transactions. Moreover this move will predominantly strengthen India’s position as the payment leader in the global market. Further with the G20 summit coming up, this step will be proved as unequivocally conducive for fintech giants. Which will also help in boosting trade and investment between india and singapore as businesses can now transact with each other more efficiently.
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