Current Affairs · Banking and Economy
In July 2025, NPCI International Payments Limited (NIPL) expanded the UPI-PayNow real-time payment linkage. Which of the following statements regarding this development is/are incorrect? 1. NIPL added 13 Indian banks to the linkage, bringing the total number of participating banks to 19. 2. Outward remittances from India to Singapore are supported through banks including Canara Bank, HDFC Bank, KVB, ICICI Bank, Indian Bank, IOB, and SBI. 3. The UPI-PayNow service was launched as a joint initiative between the RBI and the World Bank.
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