Onmanorama Lite App
The charge will kick in when a customer having a wallet of one particular company makes a payment to a merchant, who has a wallet of another company.
The charges are applicable only for prepaid payment instruments like wallet and credit cards.
Transfers of funds between the two countries will now be possible using just mobile phones due to the tie-up between India's UPI and Singapore's PayNow facility.
The facility will be initially implemented in super-class buses.
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