RBI mulls export of UPI, NEFT, other payment solutions as many countries seek to ‘replicate’ them

Stressing on the presence of low-cost payment solutions available in India such as NACH, NEFT, UPI etc, the Reserve Bank of India on Saturday indicated the scope of expanding these solutions to other countries. In its note on 'Oversight Framework for Financial Market Infrastructures and Retail Payment Systems', the central bank said, "many countries have […]

from Banking & Finance – The Financial Express https://ift.tt/37rgaL2