On July 16, 2025, NPCI International Payments Ltd (NIPL) announced the inclusion of 13 additional Indian banks in its UPI‑PayNow cross-border remittance service, bringing the total to 19 partnering banks . Under this system, Indian users can seamlessly send real-time money transfers to Singapore using UPI, with funds delivered in seconds via PayNow. Participating banks in India now include Bank of Baroda, Canara Bank, Central Bank of India, Federal Bank, IDFC FIRST Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, South Indian Bank, UCO Bank, alongside previously linked Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India .

Additionally, outward remittances from India to Singapore are available through Canara Bank, HDFC Bank, Karur Vysya Bank, ICICI Bank, Indian Bank, Indian Overseas Bank, and SBI . The service supports major UPI apps like BHIM, Google Pay, and PhonePe, and aims to provide the Indian diaspora, migrant workers, and students in Singapore with a secure, instant, and cost-effective transfer method .

Scheduled to go live on July 17, this expansion is part of NPCI’s strategy to strengthen India-Singapore financial ties and modernize digital cross-border payments.