All You Need to Know About BRICS Pay

What is BRICS Pay, the payment system Russia is proposing? - First Post

BRICS Pay is a proposed international payment system that would use already existing infrastructure – for example the MIR network in Russia and India’s UPI.

RTGS to settle transactions in global currencies soon - ET BFSI

RBI Governor has proposed expanding India's RTGS system globally for international currency transactions like USD, EUR and GBP. Read more

Credit card usage sees a big jump this festive season - ET BFSI

There has been a 35-50% rise in usage of credit cards and credit-based payment instruments during this year's festive season sales. Read more

President Muizzu introduces UPI payment service to boost Maldivian economy - Business Standard

Maldives President Mohamed Muizzu has taken "necessary steps" to introduce India's UPI in the archipelago nation, slated to benefit the Maldivian economy substantially. Read more

SBI to outsource running of 40% of onsite ATMs, marking largest such order - Business Standard

The transaction will be the largest of its kind, and the bank is expected to float a request for proposal (RFP) in 45 days.

CBDC has an edge on Bitcoin, Ether: Experts to government - Hindustan Times

India's regulators favor banning private cryptos like Bitcoin, citing CBDCs' advantages. They stress CBDCs' potential for financial inclusion and safety. Read more

RBI seeks to collaborate with US, EU on digital rupee; likely to extend CBDC partnership with UAE - Live Mint

The global collaboration on CBDC will help internationalize the rupee, reduce cross-border transaction costs. Read more

Private banks leading AI adoption in banking services, says RBI study - Business Standard

According to a study, private sector banks in India are taking the lead in the adoption of AI in areas like fraud detection, customer segmentation, and chat automation. Read more

Biggest potential for CBDC will be cross-border money transfer - ET BFSI

RBI Governor has backed the role of legal digital currencies in fostering trade beyond national frontiers. Read more

RBI expects daily UPI transactions to hit a billion in months - Financial Express

The average daily transaction count crossed 500 million in September, up from 483 million in August.