RBI identifies cross border payments for the second leg of 'sandbox' innovation
RBI identifies cross border payments for the second leg of 'sandbox' innovation SECTIONS Last Updated: Dec 16, 2020, 09:24 PM IST Share Synopsis Under the program which commenced earlier this year, banks, fintech and technology companies can collaborate and run real-time experimental pilots under the supervision of a central bank team who can then determine the efficacy of mass-market applications based on the results. India is the largest recipient of inbound remittances across the globe accounting for 15% of the global share in 2019 receiving around $83 billion. In the first half-year of 2...