UPI-PayNow: International remittance enabled for these 13 new banks by NPCI; Know the details
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'With this development, which will go live on July 17, 2025, users in both countries can remit funds to a wider base, making the service more accessible and convenient. UPI-PayNow integration enables real-time cross-border remittance transactions, with funds reaching the recipient's bank account within seconds.
The service leverages strong security protocols to ensure safe and reliable transfers.
It is ideal for small and frequent remittances, providing users with a convenient and cost-effective way to send and receive money anytime.'
List of 19 banks currently live on UPI-PayNow linkage
How to use UPI-PayNow linkage for cross-border remittances?
Recipients in India can receive remittances from Singapore in their accounts held with any of these 19 banks through their preferred UPI enabled apps such as BHIM, Google Pay and PhonePe, as well as bank apps.
Outward remittances from India to Singapore are available through Canara Bank, HDFC Bank and Karur Vysya Bank along with ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India. In Singapore, customers of DBS SG and Liquid Group can avail this service.
What is UPI-PayNow cross border remittance service?
On July 16, 2025 the National Payments Corporation of India ( NPCI ) announced the expansion of the UPI-PayNow international remittance to now include 13 additional Indian banks like Kotak Mahindra Bank Bank of Baroda and others. The overall count of participating banks is now 19 and this means customers of these 19 Indian banks can use UPI to send cross-border or international remittances to Singapore via the UPI-PayNow service.Read below to know more about this latest development in international usage of UPI.In a press release dated July 16, 2025, NPCI International Payments Limited (NIPL) the international arm of National Payments Corporation of India (NPCI) said that the UPI-PayNow real-time payment linkage has been further enhanced by adding 13 more banks on the platform, extending its reach and simplifying cross-border remittances between India and Singapore.The press release said:According to the press release, the expanded network for remittances to India now includes 19 banks – Bank of Baroda, Bank of India, Canara Bank South Indian Bank , and UCO Bank alongside Axis Bank , DBS Bank India, ICICI Bank Indian Bank , Indian Overseas Bank, and State Bank of India.Ritesh Shukla, MD & CEO, NPCI International said, 'The expansion of the UPI-PayNow linkage marks a step forward in strengthening cross-border payment infrastructure. By enabling access to more banks in India, we are deepening the reach of real-time remittances and supporting greater financial connectivity between the two countries. This brings added convenience to users through a seamless and trusted platform'.According to the press release here are the details of how to use UPI-PayNow linkage for cross-border remittances:In the press release it was said that this development is particularly beneficial for the Indian diaspora in Singapore, including migrant workers and students, bringing the ease of digital payments to everyday remittances. UPI is already accepted via QR codes at select merchant outlets in Singapore, further extending its utility.The UPI-PayNow service was launched as a joint initiative between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS). It facilitates real-time cross-border fund transfers between individuals, where Indian users can receive funds via UPI ID and send funds to users in Singapore via their mobile number or Virtual Payment Address (VPAs). As the world's first cloud-based, real-time cross-border payment system, the initiative is a pioneering step in global payment connectivity.
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