Faster Cross-Border Payments

RBI Considers Expanding RTGS to Major Currencies for Faster Cross-Border Payments

The Reserve Bank of India (RBI) is considering expanding the Real-Time Gross Settlement System (RTGS) to include major currencies like the US dollar, euro, and pound sterling. This initiative aims to enhance the speed and affordability of cross-border payments. RTGS, which facilitates real-time fund transfers between banks, is currently operated...