India to Establish Cross-Border Retail Payment Platform with Four ASEAN Countries
The Reserve Bank of India (RBI) announced on Monday its participation in Project Nexus alongside four ASEAN countries to establish a platform facilitating instantaneous cross-border retail payments. Nexus, initiated by the Bank for International Settlements’ Innovation Hub (BIS), aims to integrate India’s Unified Payments Interface (UPI) with the fast payment systems of Malaysia, the Philippines, […]