Updated By: LatestGKGS Desk
Prime Minister Narendra Modi during a three-nation visit to ASEAN countries arrived in Singapore for the third & final leg of his tour on 31st May 2018.
This is PM Narendra Modi’s second official visit to Singapore after one in 2016.
PM Modi also met Singapore's PM Lee Hsien Loong and signed 8 agreements in areas of naval cooperation, cybersecurity, nursing, military cooperation, terrorism, trade and economic cooperation among others.
PM Narendra Modi on the occasion launched three Indian digital payment systems namely RuPay, BHIM app and UPI by SBI at the 'Business, Innovation and Community Event' in Singapore.
With the launch of these 3 digital apps, India's RuPay digital payments system got linked up with Singapore's 33-year old Network for Electronic Transfers (NETS). This decision will enable RuPay users to make payments at all of NETS acceptance points across Singapore.
In return, holders of Singapore NETS will be able to make an online purchase on any National Payment Corporation of India (NPCI) e-commerce merchant website in India, using 2.8 million RuPay point of sale terminals in India.
The development is important, as it would help to devise multi-billion dollar transactions as some five million Indians travel to and transit through Singapore, internationalizing the RuPay beginning with the first cross-border usage.
India takes Singapore as a gateway to ASEAN and as a bridge between India and Asia. Singapore is also a key partner for India in projects related to smart cities, urban infrastructure and logistics.
Minister of education Ramesh Pokhariya and President Mr. Ram...
Prime Minister Modi Shared the Benefits and Affordability of...
Central Agriculture University Rani Laksmi Bai Administratio...
PM Modi Pays tribute to Major Dyanchand and wishes National ...
Prime Minister Narendra Modi tweets about the inaugurat...
How can a Worker Get PM Pension through PM Shram Yogi MaanDh...
Prime Minister Narendra Modi shares, about 6 years of succes...
Workers to get 3000 rupees per month under Pradhan Mantri Sh...
Prime Minister Narendra Modi Webinar on Defence Manufacturin...
List of topics people want to listen from prime minister Nar...
Principal Chief Commissioner of Income Tax, Mumbai announced...
Prime Minister Narendra Modi shares Modhera's Artistic Sun t...
» Daily Current Affairs 1st June 2018 GK GS Bulletins
» Dehradun hosting International Yoga Day first time on 21st June 2018
» PM Narendra Modi First Visit In Indonesia: Ties Several Agreements
Privacy Policy | Twitter | RSS