India-Russia relations

India and Russia Collaborate on Payment and CBDC Interoperability

India-Russia relations

India and Russia Collaborate on Payment and CBDC Interoperability

Overview of the India–Russia Payment and CBDC Interoperability Initiative India and Russia have agreed to work towards interoperability between their national payment infrastructures and central bank digital currency (CBDC) systems, marking a significant step in bilateral financial cooperation. The understanding aims to facilitate smoother cross-border transactions, enhance settlement efficiency

By Kuldeep Pisda