SINGAPORE (BERNAMA) – Singapore and India have re-affirmed “the strong, broad-based, and forward-looking relationship”, underpinned by frequent high-level exchanges and robust co-operation across various sectors, Singapore’s Ministry of Foreign Affairs (MFA) said yesterday.
These were expressed by both prime ministers Lee Hsien Loong and Narendra Modi during a telephone call in conjunction with the joint virtual launch of the Singapore’s PayNow and India’s Unified Payments Interface (UPI) linkage earlier yesterday, said the ministry in a statement. “The prime ministers further noted the India-Singapore Ministerial Roundtable’s (ISMR) value as a platform to engage in new bilateral initiatives.
“They expressed hope for this strong partnership to create more cross-border opportunities, to further contribute to enhancing trade and people-to-people ties,” said MFA.
The linkage is a major milestone in enhancing the infrastructure for cross-border payments and supports India’s G20 Presidency.