November 22, 2024 05:23 (IST)
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Project Nexus: Reserve Bank of India joins ASEAN nations to create platform for instantaneous cross-border payments

Project Nexus: Reserve Bank of India joins ASEAN nations to create platform for instantaneous cross-border payments

Reserve Bank of India has been collaborating bilaterally with various countries to link India’s Fast Payments System (FPS) – the Unified Payments Interface (UPI), with their respective FPSs for cross-border Person to Person (P2P) and Person to Merchant (P2M) payments.