The RBI statement said that the platform may be extended to more countries, going forward. The platform is expected to go live by 2026. Once functional, Nexus will play a key role in making retail cross-border payments efficient, faster, and more cost-effective
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Leveraging data and technology can democratise access to credit, driving innovation in financial services and enhancing financial inclusion across diverse demographics
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NPCI’s Praveena Rai discusses the transformative impact of digital public infrastructure on the financial sector
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The startup is backed by notable investors such as Tiger Global, Peak XV, and Matrix Partners
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Recognised as the fastest-growing digital payments channel in India, UPI continues to expand its reach into rural areas and integrate with government welfare schemes
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In an official statement, One97 Communications clarified, "The abovementioned news item is speculative, and the company is not engaged in any discussions in this regard
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Adani Group is considering providing online shopping services through the Open Network for Digital Commerce (ONDC), as per media reports
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Following this partnership, bill payments settled by PPBL will now be done via Euronet. Euronet settled around 19 million consumer-facing bill payments in March, a significant increase from 4.6 million in January
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