Explained --What Is Project Nexus? RBI's Pact To Link UPI With 4 ASEAN Countries
Know all about Project Nexus that RBI has joined and what will be the benefits.
Reema Sharma
| Jul 04, 2024, 07:05 AM IST
Know all about Project Nexus that RBI has joined and what will be the benefits.
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Project Nexus With Four Asean Countries
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Project Nexus Founding Countries
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UPI For Cross-Border Transactions
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What Is RBI's Project Nexus?
Developed by the Innovation Hub of the BIS Nexus will work towards connecting India’s UPI (Unified Payments Interface) with the quick payment systems of ASEAN members -- Malaysia, Philippines, Singapore, and Thailand. India and these four countries would be the first movers and founding members of this platform, the RBI said. In the future, the platform can be expanded to new nations.
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How Will Project Nexus Benefit India?
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