Search result for 'fast payments'

India and South Africa discussed using local currencies for trade '' unified payment systems, aiming to enhance economic ties. The proposed India-SACU preferential trade agreement...

Former Niti Aayog CEO Amitabh Kant emphasizes India's need to maintain technological sovereignty, innovate independently, and build AI models based on Indian data.

RBI Governor Sanjay Malhotra highlights plans for promoting payment system innovation with soft-touch regulations and expanding UPI for efficient cross-border payments during Digital Payments...

India's credit card usage surged by over 100% in five years, while debit card numbers remained stable, according to a new Reserve Bank report. Digital payments have also seen significant growth.

India's Ministry of Finance says there's no set timeline for comprehensive crypto regulations due to the need for international collaboration and balancing innovation with investor protection.

RBI Governor Shaktikanta Das advocates for lowering the cost and time of overseas remittances, highlighting the potential of new technology and cross-border payment systems. He also discusses the...

RBI Governor Shaktikanta Das expects Unified Payments Interface (UPI) to expand globally, with discussions underway with several countries. Learn more about UPI's international growth potential.

A senior US Fed official warns that frictionless cross-border payments could hinder efforts to combat money laundering and terror financing. The official also expresses reservations about...

The Reserve Bank of India and ASEAN countries will create a platform for instant cross-border retail payments, expected to launch in 2026. The initiative aims to connect domestic fast payment...

Singapore's gambling regulator has announced stricter due diligence checks for casinos receiving cash deposits to counter terrorism financing, aligning with FATF standards.

India receives positive FATF evaluation, highlighting its strong anti-money laundering and counter-terrorism financing efforts. The report praises India's progress, but identifies areas for...

India and Zimbabwe explore regulatory cooperation in fast payments, telemedicine, rough diamonds, and traditional medicine. The two countries also aim to enhance bilateral trade.

Reserve Bank of India Governor Shaktikanta Das announced that an interoperable system for internet banking will be launched in 2024, aiming to improve efficiency and reduce costs for stakeholders.

Reserve Bank of India (RBI) Governor Shaktikanta Das announced the launch of an interoperable payment system for internet banking in 2024, aiming to facilitate quicker settlements for merchants....

India and Nepal's central banks have signed terms to link the Unified Payments Interface (UPI) and National Payments Interface (NPI), enabling instant, low-cost cross-border remittances.

Reserve Bank Governor Shaktikanta Das warns of recurring food price shocks and geopolitical tensions impacting inflation, urging vigilance in navigating disinflation. He highlights India's success...

US and Indian Treasury officials met to discuss economic and financial issues, including macroeconomic outlooks, global debt challenges, and renewable energy financing.

Tarun Kapoor, Advisor to PM, emphasizes communication as a basic service needing affordability. He highlights the potential of D2M technology in 5G broadcast for wider reach and cost-effective...

India's G20 Sherpa Amitabh Kant emphasizes the need for digital public infrastructure in the Global South to achieve sustainable development goals. He highlights the importance of digital identity,...