India in talks with more jurisdictions to make material impact on cross-border payments: RBI DG

India In Talks With More Jurisdictions On Cross-Border Payments: RBI

Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was "unconscionable", and India is in talks with more jurisdictions to make a material impact on cross-border

India in talks with more jurisdictions to make material impact on cross-border payments: RBI DG

India in talks with more jurisdictions to make material impact on cross-border payments: RBI DG Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more jurisdictions to make a material impact on cross-border payments.Sankar, during a virtual address at the BCC&I Indo-Pacific Economic Conclave, said according to Wor…

India In Talks With More Jurisdictions To Make Material Impact On Cross-Border Payments

Reserve Bank of India Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more jurisdictions to make a material impact on cross-border payments.Sankar, during a virtual address at the BCC&I Indo-Pacific Economic Conclave, said according to World Bank research, global cross-border remittance in 2022 was estimated to be $830 billio…