RBI Grants Cross-Border Payment Aggregation IPAs to Platforms

RBI Grants Cross-border Payment Aggregation IPAs to Platforms

The move is aimed at strengthening India’s outbound payments infrastructure and supporting exporters, small businesses and the digital economy. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Informa…

Wise Secures In-Principle Approval for Cross-Border Payments in India - Fintech Singapore

Wise, an international payments service, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a cross-border payment aggregator, CNBC reported on Tuesday. The license will allow the global financial technology firm to support Indian exporters with a faster and more cost-effective way to receive payments from international customers. The development is expected to boost Wise’s operations in India, where the compan…

Simplifying Cross-Border Payments: What Businesses Need to Know

Cross-border payments have always been a prickly matter for businesses. The underlying correspondent banking system that facilitates such transfers is slow, opaque and expensive. New technologies and regulations, along with payment gateway integration services, are making cross-border transactions easier, however. Such firms will be well positioned to exploit global growth opportunities when they value these developments. The Old Way of Cross-Bo…