RBI, 4 Asean nations tie up for cross-border payments platform
Business Standard|July 02, 2024
The Reserve Bank of India (RBI) has joined hands with the Bank for International Settlements (BIS) and central banks of four Asean (Association of Southeast Asian Nations) countries to collaborate on Pro Nexus a multilat eral international initiative to enable retail cross-border payments.
AJINKYA KAWALE

The platform, which is expected to go live by 2026, will interlink domestic fast Philippines, payment systems (FPS) of countries namely Malaysia, the Singapore, Thailand and India. The central banks of these countries are the founding members and first movers of the platform.

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