TNPSC Thervupettagam

Project Nexus by RBI

July 10 , 2024 9 days 108 0
  • The Reserve Bank of India (RBI) has joined Project Nexus.
  • It is a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs).
  • India’s Unified Payments Interface (UPI) and FPSs of Malaysia, the Philippines, Singapore and Thailand will be interlinked through Nexus.

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