India co-chaired the BRICS finance ministers and central bank governors meeting in Jaipur on August 12-13, where RBI Governor Sanjay Malhotra stressed the need for cheaper and faster cross-border payments. Separately, Malhotra…
HSBC and Visa executives say GIFT City will give Indians faster access to foreign exchange and global payments. International transactions that took one to two weeks can now be confirmed on the…
NPCI International Payments Ltd (NIPL) and the Maldives Monetary Authority (MMA) have launched the Favara-UPI cross-border payment corridor, enabling real-time fund transfers from the Maldives to UPI-enabled bank accounts in India. The…
