Cross Border Payments
Latest news, explainers and analysis on Cross Border Payments. Tracking 2 stories on Arth Vani.
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Latest on Cross Border Payments
Polygon Labs Joins Bank of England to Test Digital Pound for Faster Global Payments
Blockchain firm Polygon Labs has partnered with the Bank of England's Digital Pound Lab for phase two of its initiative to test near-instant cross-border financial settlements. This collaboration aims to explore how a potential digital pound could facilitate quicker and more efficient international money transfers, a key area for global finance.
India and UAE Push for More Rupee-Dirham Trade to Cut Costs and Delays
India and the UAE are intensifying efforts to settle more bilateral trade in local currencies rather than the US Dollar. Currently, 15% of trade is handled in Rupee and Dirham, a move that promises cheaper and faster transactions for businesses and NRIs.
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