<span style="color: #222222;">Prime Minister Narendra Modi and his Singapore counterpart, Lee Hsien Loong will witness tomorrow the launch of cross-border connectivity between the Unified Payments Interface (UPI) of India and PayNow of Singapore through video conferencing.<br />''<br />''The launch will be done by RBI Governor Shaktikanta Das and Ravi Menon, Managing Director, Monetary Authority of Singapore.<br />''<br />''The linkage of these two payment systems will enable residents of both countries in faster and cost-efficient transfer of cross-border remittances. It will also help the Indian diaspora in Singapore, especially migrant workers and students through instantaneous and low-cost transfer of money from Singapore to India and vice-versa.<br />''<br />''India has emerged as one of the fastest-growing ecosystems for fintech innovation. Prime Minister Modi's visionary leadership has been instrumental in driving the globalisation of India's best-in-class digital payment infrastructure.<br />''<br />''A key emphasis of the Prime Minister has been on ensuring that the benefits of UPI are not limited to India only, but other countries too benefit from it. </span><br />