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Das moots linking of UPI with Japan’s fast payment system
RBI governor Shaktikanta Das has suggested linking India's UPI with Japan's local fast payment system to reduce the cost of cross-border transactions. This proposal follows the successful linking of UPI with Singapore's fast payment system. Das believes that such linkages between fast payment systems can leverage fintech to make cross-border payments more efficient and cost-effective.
RBI governor Shaktikanta Das has suggested linking India's UPI with Japan's local fast payment system to reduce the cost of cross-border transactions. This proposal follows the successful linking of UPI with Singapore's fast payment system. Das believes that such linkages between fast payment systems can leverage fintech to make cross-border payments more efficient and cost-effective. 
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