Direction: Some words have been left out in the following passage. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives:

Though a small start, given that the daily transaction limit is set at ₹60,000 or about SGD 1,000, the link is significant in that it [1] __________  individuals to quickly and safely remit money to their loved ones without the hassles of having to go to a bank branch or a wire transfer facility’s outlet or having to rely on the higher-cost and riskier ‘hawala’ channels. The tie-up is also part of a wider regional effort to facilitate cross-border real-time money transfers in a manner that reduces operational costs for individuals and merchants, [2] __________  at the same time reducing the reliance on an external settlement currency, which [3] __________  has predominantly been the U.S. dollar. Singapore, which [4] __________  established a similar payment link with Thailand in 2021, is part of a larger five-member initiative among the central banks of Southeast Asian economies including Malaysia, Indonesia and the Philippines that aims to interconnect their domestic digital payment systems. India too could build on the [5] __________  it has gained in Singapore to further its cross-border digital payment linkages and extend the partnership to the city-state’s other Association of Southeast Asian Nations partners. Besides a sure-shot boost to regional trade and tourism, such a network would help India to further formalise the flow of inbound remittances.