Digital transactions to exceed cash in India, says PM Modi

  • The sheer volume of transactions carried out using the Unified Payments Interface in 2022 demonstrates the degree of security offered by the real-time payment system, Prime Minister Narendra Modi said on Tuesday.
  • The launch of the facility, which links India’s UPI with Singapore’s PayNow was attended by Modi, Singapore’s PM Lee Hsien Loong, Reserve Bank of India Governor Shaktikanta Das, and the Managing Director of the Monetary Authority of Singapore, Ravi Menon.

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