The Reserve Bank of India (RBI) is encouraging the Indian government to promote the use of central bank digital currencies (CBDCs) for cross-border payments among BRICS nations, according to recent media reports. The move reflects India’s growing interest in reshaping global payment systems, reducing transaction costs, and limiting over-dependence on…
Tag: #CrossBorderPayments
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RBI Pushes BRICS Digital Currency for Easier Payments
India’s central bank has proposed a landmark initiative to link the digital currencies of BRICS nations, a move that could reshape cross-border trade and tourism payments while gradually reducing reliance on the US dollar. The proposal, recommended by the Reserve Bank of India (RBI), is expected to be placed on…
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India–New Zealand Conclude Financial Services Annex Under FTA
India and New Zealand have successfully concluded negotiations on the Financial Services Annex of the proposed India–New Zealand Free Trade Agreement (FTA), marking a significant step forward in strengthening bilateral economic cooperation. The negotiations were formally concluded on December 22, 2025, following the final round of talks held earlier this…
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India–New Zealand Conclude Financial Services Annex Under FTA
India and New Zealand have successfully concluded negotiations on the Financial Services Annex of the proposed India–New Zealand Free Trade Agreement (FTA), marking a significant step forward in strengthening bilateral economic cooperation. The negotiations were formally concluded on December 22, 2025, following the final round of talks held earlier this…