Axis Bank supports cross-border real-time transactions via UPI.

Axis Bank will settle these transactions to beneficiaries who hold accounts or are registered on the UPI application of six banks (SBI, IOB, Indian Bank, ICICI, DBS, and Axis Bank).

Prime Minister Narendra Modi and Singapore Prime Minister Lee Hsien Loong virtually launched this cross-border connectivity on Tuesday.

The partnership will enable seamless money transfers for users in both countries.