India-New Zealand deal to boost payment interoperability

NEW DELHI: India and New Zealand have committed to collaborate on developing domestic payments interoperability and supporting real-time cross-border remittances and merchant payments through the integrated Fast Payment Systems (FPS) as part of the trade pact agreed between the two countries.This move strengthens India’s digital payments ecosystem and fintech sector, enhances remittance flows from the […]

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Is UPI available in Gulf countries? How Indian expats can use UPI across banks and apps: All you need to know | World News

Since 2022, UPI has expanded to the GCC, with Qatar and Oman becoming the latest countries to join/ Representative image The Unified Payments Interface (UPI) has rapidly gained global attention for revolutionizing digital payments in India, and its expansion is now making waves in the Middle East, especially across the GCC nations. UPI, which allows […]

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‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra

In his first interview since taking over as RBIgovernor, Sanjay Malhotra tells TOI’s Mayur Shetty & Sidhartha that while tariffs can have a short-term impact on economic growth, India’s status as the world’s fastest-growing economy won’t be impacted.On rupee volatility, he said RBI doesn’t target a specific rupee-dollar rate. And on FDs, the governor said […]

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