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India, Singapore work on bilateral online payment use:Tharman

Press Trust of India  |  Singapore 

and are working on the bilateral use of online payment, but there is a long way to go for the two countries to link their economies and smart cities digitally, Singapore's said today.

Speaking at the HT MintAsia Leadership Summit here, Tharman urged to expand its air links with

"(Air connectivity) is how a lot of growth is spurred. Because it's not just about the number of people you carry, it's the fact that they are also coming with business, with investments," he said.

Tharman said there were opportunities in the areas of digital innovation and smart cities because of what is happening in and the (ASEAN).

"We have within ASEAN a strategy now of developing more smart cities and linking them up in a network. This is one of the initiatives of as a of ASEAN this year," Channel Asia quoted Tharman as saying.

He said had embarked on its own strategy of developing smart cities.

Tharman praised the tie-up between Singapore's and India's to allow cross-border use of in and

and are working on bilateral use of using National Electronic System and using system such as Rupay and Network For Electronic Transfers (NETS) in both countries, he said.

"But there is a long way to go to link our economies and link up our smart cities digitally," Tharman said.

"Make in has to be make in for the world and It has to be an external orientation because of those supply side benefits of constant learning that come with making for the world and having the world make with you," he said.

"We will all gain from this. This will be how, as says, we use trade, investments, connectivity to lift up all our peoples," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 18:15 IST
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