Yono-UPI integration to give more reach for Singapore transactions to India

State Bank of India Singapore on Wednesday said the planned Yono-UPI integration through PayNow will provide a bigger reach for India-bound transactions from Singapore.

The SBI Yono-UPI-PayNow linkage comes amidst the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announcing a plan to launch two new payments solutions in the middle of this year to support the transition to e-payments for both corporate and retail cheque users.