India and Singapore are set to link their digital payments systems UPI and PayNow for easier cross-border transactions. The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances.
As chair of G20 and ahead of the Sustainable Development Goal (SDG) Summit later this year in New York, India's Permanent Mission to the United Nation will host roundtables at the UN headquarters, informed India at the United Nations on Monday.
The Financial Stability Board (FSB) of the G20 said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing, and lending in cryptocurrency assets by using public blockchains to r...
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