UPI PayNow Benefits: What will be the benefit of UPI and PayNow being linked, how will you get the benefit of this facility
UPI Paynow Integration Working Daily Limits and Benefits After UPI and Paynow are linked, there will be ease in real time transactions. But the question is how will it work? How much fund can be transferred? Who will get this facility? Let us tell you
Manika Raghuvanshi 
How to Use UPI PayNow: In a historic agreement, two important payment apps of India and Singapore were linked together yesterday. The integration of Unified Payments Interface (UPI) and Singapore's Paynow network will give a boost to cross-border digital transactions.
UPI is an instant and real time transaction system developed by the National Payments Corporation of India (NPCI). Singapore's Paynow is also a similar payment system. It is also a real time payment system, which is equivalent to India's UPI, developed by the Association of Banks in Singapore. Like uPI, Paynow also facilitates inter-bank peer-to-peer and person-to-merchant transactions.
With the uPI-Paynow link, residents in India and Singapore can make real-time money transfers. Here we are giving you information about the way it works and some important things.
Who can make transactions
All account holders of banks and financial institutions of both the countries can benefit from this system. Residents of India and Singapore will be able to do cross border money transactions or money transfers in real time.
For what purposes money can be sent
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) will allow person-to-person (P2P) transactions to help and 'gift' relatives. The uPI-Paynow linkage is allowing citizens of India and Singapore to make instant and low-cost fund transfers through two of the fastest payment system networks, UPI and PayNow.
