The Reserve Bank of India and the Bank Indonesia signed a Memorandum of Understanding on March 7 in Mumbai for establishing a framework to promote the use of local currencies viz., the Indian Rupee and the Indonesian Rupiah for cross-border transactions. The MoU on establishing a framework for cooperation in the area of cross-border transactions in local currencies between India …
Google Pay has finally introduced UPI Lite on its platform. Google Pay states that with UPI Lite now available on the platform, the company aims to make digital payments simple, fast, and reliable. UPI Lite has been rolled out on Google Pay, enabling users to make fast and one-click UPI transactions without needing to enter the UPI PIN. The UPI …
MUMBAI : A Reserve Bank of India appointed committee on Wednesday has recommended a roadmap to achieve internationalisation of rupee including efforts for inclusion in the International Monetary Fund’s Special Drawing Rights basket. It also recommended integrating Indian payment systems with other countries for cross-border transactions and strengthening financial markets by fostering a global 24×5 INR market and promoting India …
