%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(24).png "NIPL adds 13 banks to UPI-PayNow linkage to boost India-Singapore remittances")
Key Highlights:
a) 10
b) 13
c) 15
d) 19
Answer: b) On July 17, 2025, NIPL added 13 Indian banks to the existing UPI-PayNow corridor. This expanded the total number of participating Indian banks to 19.
- Enables instant cross-border remittances between India and Singapore using mobile numbers or VPAs.
- Newly added banks include HDFC Bank, Kotak Mahindra Bank, PNB, UCO Bank, among others.
- Funds can be received via UPI apps like BHIM, Google Pay, PhonePe, or bank apps.
- Especially beneficial for migrant workers and students in Singapore, improving access and affordability.
Question:
Q.1 On July 17, 2025, how many Indian banks were added to the UPI-PayNow real-time payment corridor by NPCI International Payments Ltd (NIPL)?a) 10
b) 13
c) 15
d) 19
Answer: b) On July 17, 2025, NIPL added 13 Indian banks to the existing UPI-PayNow corridor. This expanded the total number of participating Indian banks to 19.
