How is RBI Looking to Scale Up Retail CBDC in India?
How RBI is looking to scale up retail CBDC in India - ET BFSI
RBI is emphasizing not only on transaction volumes but also on the efficiency of the technology, how systems cope and user behaviour.
NPCI in talks to link Indian and US banks for real-time payment service - ET BFSI
This initiative aims to capitalize on NPCI's progress in establishing cross-border payment systems. Read more
India asks Visa, Mastercard to stop B2B payments via fintech platforms - Reuters
Visa & Mastercard have been asked to stop card-based B2B payments such as rents or money transfers to vendors routed through third-party fintech firms.
India & Nepal sign pact to link UPI & NPI for faster remittances - The Hindu
The integration is aimed at facilitating cross-border remittances by enabling users of the two systems to make instant, low-cost fund transfers. Read more
Digital currencies can be used for overseas payments, says RBI - The Times of India
RBI said that the central bank's digital currencies could be used for cross-border payments using a shared platform developed under the Bank for International Settlements.
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How banks can empower small businesses to grow - FSS Knowledge Hub
While India has seen a surge in digital payments, small businesses still face an uphill task in accepting them. Read more
Swiss still love physical cash despite the rise in payment apps - ET BFSI
Around 92% of companies that operate face-to-face businesses in Switzerland accept cash while just 59% accept payments via apps. Read more
Currency in circulation growth slips to 3.7% in Feb in the aftermath of Rs 2,000 notes withdrawal - ABP Live
Commercial banks logged a growth of double digits in deposits in January, owing to the withdrawal of the Rs 2,000 banknotes. Read more
Building deeper collaborations between regulators and financial institutions - IBS Intelligence
On this exclusive podcast, FSS CEO V Balasubramanian, talks about how financial institutions collaborating with regulators has enabled India to innovate in the payments space.