Digital currency to bring down time, cost for cross-border transactions: RBI’s Sankar

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Digital currency to bring down time, cost for cross-border transactions: RBI’s Sankar

Central bank digital currency, to be launched this year, could become a tool for reducing time and cost for cross-border transactions, Reserve Bank Deputy Governor T. Rabi Sankar said on Wednesday. Explained | RBI’s digital currency plans Observing that India has an excellent, cheap and fast domestic payments system, he said the cost of cross-border payment, however, is still high. Concerning fraud management, Mr. Sankar said digital payment needs to be scaled up while preserving system integrity, which essentially means technical stability. Citing the example of the Unified Payments Interface for non-feature phones, Mr. Sankar said the RBI pays special attention to the fact that digital payment technology should be inclusive.

India Digital Digital Currency Payment Rbi Cbdc Sankar Digital Payment

UPI dominates digital payments

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UPI dominates digital payments

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RBI unveils exclusive ‘bank.in’ internet domain to combat cyber fraud; 'fin.in' coming soon

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RBI unveils exclusive ‘bank.in’ internet domain to combat cyber fraud; 'fin.in' coming soon

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RBI MPC meeting 2025: Banks to have ‘bank.in’ internet domain name, non-banks ‘fin.in’

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RBI MPC meeting 2025: Banks to have ‘bank.in’ internet domain name, non-banks ‘fin.in’

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RBI introduces 'bank.in' domain for Indian banks to tackle financial fraud

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RBI introduces 'bank.in' domain for Indian banks to tackle financial fraud

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Payments banks are pioneering digital financial inclusion: Airtel Payments Bank’s Biswas

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Payments banks are pioneering digital financial inclusion: Airtel Payments Bank’s Biswas

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Paytm leads India payments from disruption to monetisation: Bernstein

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Paytm leads India payments from disruption to monetisation: Bernstein

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Shaktikanta Das: Six major policy decisions in six years as RBI Governor

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UoH Professor Highlights Advantages of Digital Payments

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UoH Professor Highlights Advantages of Digital Payments

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India at the Forefront of Digital Revolution: RBI’s Patra

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India at the Forefront of Digital Revolution: RBI’s Patra

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India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re

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India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re

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RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

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RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

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Digital penetration: 65% of transactions done online in small towns

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Digital penetration: 65% of transactions done online in small towns

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RBI’s digital rupee must leap over many hurdles for wider adoption

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UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv

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UPI Disruptions Not NPCI's Fault, Banks' Outdated Tech Is Responsible, Says RBI Guv

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RBI governor meets stakeholders to further widen UPI reach

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RBI governor meets stakeholders to further widen UPI reach

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Banks rely on AI as digital transactions grow, and methodology of frauds evolves

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Banks rely on AI as digital transactions grow, and methodology of frauds evolves

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RBI To Make Digital Currency Available Offline

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Tech Tonic | The gaps in India’s digital payments ecosystem need plugging

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Tech Tonic | The gaps in India’s digital payments ecosystem need plugging

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E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets

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Former RBI deputy governor flags potential privacy issues for CBDCs

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Why is RBI so cranky about fintech firms after Paytm crisis?

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Why is RBI so cranky about fintech firms after Paytm crisis?

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Central Bank Digital Currencies Are Redefining Digital Money

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Central Bank Digital Currencies Are Redefining Digital Money

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

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RBI Monetary Policy: New changes announced to electronic trading platforms, digital payments

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RBI Monetary Policy: New changes announced to electronic trading platforms, digital payments

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Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth

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Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth

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India’s Growth Story is Linked to Progress Made on Digitisation and Its Access

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India’s Growth Story is Linked to Progress Made on Digitisation and Its Access

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India holds the key to a global shift away from Swift

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‘Pay… Paid’: How India plans to put paid to frauds adding delay to first-time digital payments of over Rs 2,000

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‘Pay… Paid’: How India plans to put paid to frauds adding delay to first-time digital payments of over Rs 2,000

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Indian banks offer incentives to lift RBI’s e-rupee: Report

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Indian banks offer incentives to lift RBI’s e-rupee: Report

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UPI goes global: NPCI inks pact with UAE’s Al Etihad Payments to facilitate cross-border transactions

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India's UPI leads the way in global non-cash transaction boom

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India's UPI leads the way in global non-cash transaction boom

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Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:

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Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:

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Digital payments move beyond just scan to pay

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Digital payments move beyond just scan to pay

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India ranks first in digital payments made globally: Report

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India ranks first in digital payments made globally: Report

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Central bank digital currency simplest fix for banking

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Central bank digital currency simplest fix for banking

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Paytm unveils fully indigenous technology-powered upgraded payments platform

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Paytm unveils fully indigenous technology-powered upgraded payments platform

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India’s digital payments market will grow to USD 10 trillion by 2026

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India’s digital payments market will grow to USD 10 trillion by 2026

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RBI asks banks, NBFCs to promote digital payments

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RBI asks banks, NBFCs to promote digital payments

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Har Payment Digital: RBI launches mission to make every citizen a user of digital payment

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Har Payment Digital: RBI launches mission to make every citizen a user of digital payment

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Digital transactions to soon exceed cash in India: PM Modi

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Digital transactions to soon exceed cash in India: PM Modi

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Digital payments will soon overtake cash transactions: PM Modi on UPI-PayNow link between India, Singapore

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Digital payments will soon overtake cash transactions: PM Modi on UPI-PayNow link between India, Singapore

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'Net' Gains: Digital Transactions in India in 2022-23 Break All Records

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'Net' Gains: Digital Transactions in India in 2022-23 Break All Records

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Digital currency to further bolster digital economy, make payment system more efficient: RBI

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Digital currency to further bolster digital economy, make payment system more efficient: RBI

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India records more digital payments than US, UK, Germany & France: Vaishnaw

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India records more digital payments than US, UK, Germany & France: Vaishnaw

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Digital Rupee: Understanding the risks of using digital currency

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Digital Rupee: Understanding the risks of using digital currency

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Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments

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Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments

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Digital rupee not the magic bullet Central government is hoping for

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Digital rupee not the magic bullet Central government is hoping for

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RBIâ€™s digital rupee useful in overseas payments: IMF

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RBIâ€™s digital rupee useful in overseas payments: IMF

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Next Financial Crisis Will Come From Private Cryptocurrencies, Says RBI Governor Shaktikanta Das

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Next Financial Crisis Will Come From Private Cryptocurrencies, Says RBI Governor Shaktikanta Das

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