Page 4 - Settlement Systems News Today

India and Ghana have agreed to operationalize Indias Unified Payment Interface (UPI) with the Ghana...

UPI payments can already be made in countries such as France, UAE, Sri Lanka and Mauritius

India and Ghana aim to link UPI and GHIPSS for instant fund transfers. Discussions include MOU, local currency settlement, and AfCFTA benefits. NPCIs UPI may operate on GHIPSS in 6 months. Bilateral trade focuses on gold, cocoa, and cashew nuts.

Indias UPI has already reached countries including Singapore and the UAE. 

TECH NEWS : India and Ghana collaborate to enhance money transfers by integrating UPI and GHIPSS. They explore digital solutions, aim for UPI operation on GHIPSS

In the fiscal year 2023-24, UPI transactions in India recorded an impressive 57% increase in volume and a 44% increase in value compared to the previous fiscal year 2022-23.

T Rabi Sankars term as RBI Deputy Governor extended for a year from May 3, 2024. With a background in economics, he has been involved in developing government bond markets and debt management, in addition to overseeing key departments at RBI.

India extends RBI deputy Sankar's tenure by a year, government order shows

The Indian government has extended the term of RBI Deputy Governor T Rabi Sankar for one year, effective May 3, 2024. Sankar, who joined the Reserve Bank in 1990, has worked in various positions at the central bank, including Executive Director of the Reserve Bank and IMF Consultant. He has also served as Chairman of Indian Financial Technology and Allied Services (IFTAS), member of ReBIT Board of Directors, and IDRBT Governing Council.

Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong attended the two-day gathering. Read more at straitstimes.com.