Das moots linking of UPI with Japan’s fast payment system
Thursday, 9 November 2023
RBI governor Shaktikanta Das has suggested linking India's UPI with Japan's local fast payment system to reduce the cost of cross-border transactions. This proposal follows the successful linking of UPI with Singapore's fast payment system. Das believes that such linkages between fast payment systems can leverage fintech to make cross-border payments more efficient and cost-effective.
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