x-pay
India is testing cross-border payments using the digital rupee
Date Added:
Share

India is actively working to expand its Digital Rupee (CBDC) platform for cross-border payments. The Reserve Bank of India is conducting testing in conjunction with a number of international partners, aiming to reduce the processing time and cost of international transactions. The platform is designed to provide faster and more accessible transactions, as well as strengthen India's position in the global financial ecosystem.

Testing shows the high potential of CBDC for optimizing cross-border payments, especially in the field of B2B and transfers between citizens.