Bank of America tests Zelle-UPI link to make US-to-India money transfers easier
- Bank of America is testing a link between Zelle and UPI to make money transfers from the US to India easier for NRIs.
- The pilot could let Indians in the US send money directly to UPI users in India through Zelle.
- The plan could make remittances faster and simpler for the large Indian community living in the US.
- NPCI, which operates UPI, is working with Bank of America on the proposed cross-border payment link.
Source: indiatoday.in
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