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Project Nexus by RBI
July 10 , 2024
112 days
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- The Reserve Bank of India (RBI) has joined Project Nexus.
- It is a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs).
- India’s Unified Payments Interface (UPI) and FPSs of Malaysia, the Philippines, Singapore and Thailand will be interlinked through Nexus.
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