CRISIL forecasts India's current account deficit will stay comfortable at 1.2% of GDP in FY25, supported by lower crude prices, strong services exports, and steady remittances. Read the full analysis.
India and New Zealand agree to collaborate on payment system interoperability and real-time cross-border remittances. The deal opens new markets for Indian fintech and boosts financial services exports.
UK fintech Revolut plans to disrupt India's cross-border payments, targeting travel, education, and freelancers. CEO Paroma Chatterjee details strategy for 20M users by 2030.
India's current account deficit improved sharply to 1.3% of GDP in Q2 FY26. Key drivers include higher services exports and remittances, though quarterly trends show a widening trade gap. Explore the full analysis.
RBI and European Central Bank begin linking UPI with EU's TIPS system to enable faster, cheaper cross-border payments between India and Europe. Expected completion in 6 months to 3 years.
Money sent overseas by Indians under RBI's liberalised remittance scheme rose to $2.8 billion in September, driven by travel spending. Discover the shifting trends in foreign exchange outflows.
RBI begins implementing UPI-TIPS link with European Central Bank. This will slash transfer costs & boost merchant acceptance for Indian travelers in Europe. A major step for globalizing India's payment system.
The Reserve Bank of India proposes game-changing same-day settlement for international transactions, boosting India's global trade efficiency and reducing transfer times dramatically.