-3.10 (-0.30%) State Bank of India (SBI) has partnered with PayNow, the online payment system, for cross-border payments, a day after a real-time payments system linkage was established between India and Singapore using the UPI platform.
The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will allow fund transfers from India to Singapore through registered mobile numbers, and from Singapore to India using the UPI ID.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.