PhonePe, Paytm, SBI and others go live on India-Singapore cross-border UPI-based payments

Other third-party applications and banks like Bank of Baroda, Federal Bank, HDFC Bank, IDFC First Bank, IndusInd Bank and others are set to join the linkage soon, the Mumbai-headquartered payment network added. This interoperability between the two countries is the result of the collaboration between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS).