Quote by Akash Sinha, CEO & Co-Founder, Cashfree Payments on the launch of the cross-border linkage between India and Singapore…

“The initiative of linkage between India’s Unified Payments Interface (UPI) and Singapore’s PayNow, by the Indian Government is a crucial development in the nation’s cross-border imperative. The connectivity between the two payment systems will make cross-border remittances more convenient, quick and cost-efficient. This move will bolster the trade and remittance flow between the two countries. It will significantly benefit migrant workers, tourists, small businesses, and enterprises. This will also establish a significant foundation for cross-border payments between India and ASEAN countries, creating a favorable environment for digital payments beyond borders. In the grand scheme, this creates an enabling environment for innovators and regulators to accelerate the delivery of effective digital payments solutions. It also provides a secure and conducive environment for consumers to adopt fintech solutions.”-Akash Sinha, CEO & Co-Founder, Cashfree Payments