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Mumbai: The Reserve Bank is reviewing frictions impacting timely credit of inward cross-border remittances to beneficiary accounts enhance overall efficiency in the cross-border payments ecosystem. "One of the issues pertains to delays in cross-border payments being most pronounced at the beneficiary stage," the Reserve Bank of India (RBI) said in its half-yearly Payments Systems Report. "In this context, the Reserve Bank has initiated a review of the frictions impacting timely credit of inward ...Read More >

New Delhi [India], August 12 (ANI): India is set to host the third India-Singapore Ministerial Roundtable (ISMR) on August 13, continuing a high-level platform established to deepen bilateral cooperation and explore mutually beneficial collaboration in new and emerging areas, according to an official factsheet. This platform was created to also address challenges posed by geopolitical and macroeconomic developments while enhancing mutual trust and understanding. The ISMR began with its inaugura ...Read More >

BHUBANESWAR: In a significant move poised to reshape Odisha's digital economy, the state government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) in the city. Being set up in collaboration with Singapore-based Global Finance and Technology Network (GFTN) and the Asian Institute of Digital Finance (AIDF) at the National University of Singapore (NUS), this first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready ...Read More >
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