MUMBAI - India and Singapore launched on Tuesday a real-time link to facilitate easier cross border money transfers between one of the world's biggest recipients of remittances and an Asian financial powerhouse.
"This will enable people from both the countries to immediately and at low-cost transfer funds just using their mobile phones," Indian Prime Minister Narendra Modi said at a virtual event for the launch of the service. The linkage will help migrant workers, professionals, students and their families, said Modi.
To begin with, State Bank of India, Indian Overseas Bank, Indian Bank and ICICI Bank will facilitate both inward and outward remittances while Axis Bank and DBS India will facilitate inward remittances, the Reserve Bank of India said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saga of renting a room in Singapore, especially for a Singaporean - Singapore NewsSense And Nonsense by Tan Bah Bah sgpoor runnin out of budget rentals..even bomb shelter utilitee rm also demand as high as $800...
Source: IndependentSG - 🏆 9. / 63 Read more »
Anglican Church in Singapore opposes Church of England's blessing of same-gender couples - Singapore News“We are deeply disappointed by the Church of England’s decision and unequivocally state that the blessing of same-s*x unions has no biblical ground whatsoever, since scripture teaches unambiguously that marriage is between one man and one woman,' the Church said.
Source: IndependentSG - 🏆 9. / 63 Read more »
‘This whole idea that Singapore is better than Malaysia needs to stop’ says Singaporean - Singapore News'As a Singaporean, i really don't think Malaysia is all that bad,' he wrote.
Source: IndependentSG - 🏆 9. / 63 Read more »
Singapore 'strongly condemns' North Korea's latest missile testsSINGAPORE: Singapore on Tuesday (Feb 21) strongly condemned North Korea’s recent missile tests, calling it a “dangerous provocation” and a blatant violation of UN Security Did the Singapore ministry of foreign affairs actually use the word ‘condemned’ Why does this story not have a link to the Singapore foreign ministry’s statement? Please add it. Weird to have a report on the ministry’s statement without it, when all other links are provided. To balance the report, wouldn't it be good/right to also tell us what the NKor also stronly condemn ?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
FTX Japan to allow asset withdrawals starting TuesdayTOKYO : The Japanese unit of failed cryptocurrency exchange FTX said on Monday it would allow customers to withdraw deposits of fiat currency and crypto assets beginning Tuesday after months of suspension. FTX Japan said its customers could withdraw assets through the website of Liquid Japan, a crypto exc
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China to release Global Security Initiative paper on Tuesday -foreign ministerBEIJING : China will officially release on Tuesday a paper on the Global Security Initiative (GSI), said Chinese Foreign Minister Qin Gang. In implementing the GSI, China advocates that different systems and civilisations be treated as equals, and that the principle of 'indivisible security' be upheld, Qi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »