India, Singapore link systems for real-time cross-border cash transfers
India's use of government-created tech to expand its sphere of influence advanced yesterday, when Singapore agreed to link the Unified Payments Interface to its own PayNow scheme – enabling real-time cross-border payments between the two nations.
The announcement is also a demonstration of India using government-developed software to extend its regional influence. Open source software fills a similar role in other fields. Big software companies put energy into Linux to ensure commercial operating systems face robust competition so the likes of Microsoft can't accrue too much influence.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India Invokes Maximum Energy Output Law from Coal Plants | OilPrice.comWith India gearing up for massive power usage in the second quarter, the government will utilize an emergency law that will demand maximum output from power plants running on imported coal,.
Read more »
Singapore’s soaring rents undermine bid to oust Hong Kong as Asia’s finance hub\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Gautam Adani: Will tycoon's $100bn loss hit India's green energy dreams?Adani Group has seen its market value plunge after a US firm made fraud allegations against it.
Read more »
Loose Women star India Willoughby receives vile 'hand delivered' death threatLoose Women star India Willoughby revealed that she was sent a vile 'hand delivered' death threat from the neo-Nazi group National Action.
Read more »
Missing Chinese banker was working to set up Singapore family office\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Neo-Nazi threats probed by anti-terrorism policeIndia Willoughby and activist Dr Shola Mos-Shogbamimu received letters claiming to be from National Action.
Read more »