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The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) are in discussions to connect their respective fast payment systems to facilitate cross-border remittances between India and Nepal.
central bank, UPI, cross-border payments, remittances
The Nepal Rastra Bank has taken steps towards issuing its own digital currency following a study that has revealed the project’s feasibility.
digital currency, CBDC, central bank, crypto asset