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State Bank of India Singapore said that the scheme of Integration of Yono-UPI through Penau will provide a huge access to the transactions in India from Singapore. When the Singapore Monetary Authority (MAS) and the banks of banks in Singapore (ABS) have announced a plan to introduce two new payment solutions in the middle of this year.
Singapore . State Bank of India Singapore said that the scheme of Integration of Yono-UPI through Penau will provide a huge access to the transactions in India from Singapore. It is planned to add SBI Yono-UPI-Penau at a time when Singapore Monetary Authority (MAS) and the Union of Banks in Singapore announced a plan to introduce two new payment solutions in the middle of this year. It is so that corporate and retail 'check' users can support changes in e-payments.
SBI Singapore Chief Executive Officer (CEO) MP Siva said to 'PTI-Bhasha' on Wednesday, “SBI is considering joining Singapore UPI for future improvement, which is the initiative of the Government of India which is the initiative of the Government of India. The single strengthens many bank accounts through a single 'interface'. “He said,” Through Penau, the scheme of Integration will provide a big access to the transactions from Singapore to India. “
Yono Singapore was introduced in October 2024. Yono means 'You Only Need One'. This banking app has been developed on a safe and strong structure for SBI Singapore operations, including the 'user interface' and experience in the Yono Global. Singapore is one of India's largest trade and investment partners in the Southeast Asian region.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
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