
22 Apr 2025, 4:49 PM (IST)
PM Modi lauded the digital revolution sweeping through India.
"We have the digital identity for almost everyone, a mobile phone and bank account for nearly everyone. Governance and public service are changing, there is delivery of benefits for poor, banking services are within their reach," Modi said.
22 Apr 2025, 4:49 PM (IST)
RuPay on a global platform
One of the main events today will include the launch of mutually acceptable digital wallets between Indian and Singaporean citizens.
PM Modi will be carrying out a transaction using his RuPay wallet which will then be followed by a formal handshake between the National Payments Corporation of India (NPCI) and Singapore’s equivalent system, Network for Electronic Transfers or Nets. This will be formalised during a business event today at the Marina Bay Sands Convention Centre, where Modi, together with Prime Minister Lee Hsien Loong, will tour an exhibition of local and Indian start-ups in areas such as artificial intelligence, fintech and cyber security.
Once the handshake between NPCI and Nets happen, Indians with RuPay card can do any transaction in any shop or merchant establishment in the island nation.