Recently, the Reserve Bank of India (RBI) signed an MoU on digital payments and financial innovation with which country's central bank?

Question

TodaySprint · Accepted Answer

The correct answer is Option A: Vietnam. The Reserve Bank of India (RBI) and the State Bank of Vietnam (SBV) have signed an MoU to strengthen cooperation in digital payments, financial innovation, and payment system connectivity. The agreement, approved by the Union Cabinet, establishes a framework for collaboration between the central banks of India and Vietnam. A key objective of the MoU is to promote financial innovation, fintech development, and stronger digital payment ecosystems. The partnership aims to enhance regulatory cooperation, information exchange, and payment system oversight. A major feature of the agreement is the development of QR code-based cross-border merchant payment systems between India and Vietnam. The proposed payment mechanism is expected to enable real-time transactions, faster processing, and lower transaction costs. The MoU supports the creation of secure, efficient, and interoperable digital payment networks between the two countries. Improved payment connectivity is expected to boost trade, tourism, business opportunities, and economic integration between India and Vietnam.

TodaySprint · Answer

Thailand

TodaySprint · Answer

Singapore

TodaySprint · Answer

Indonesia

TodaySprint · Answer

Malaysia

Recently, the Reserve Bank of India (RBI) signed an MoU on digital payments and financial innovation with which country's central bank?

Discussion

Discussion

Recently, the Reserve Bank of India (RBI) signed an MoU on digital payments and financial innovation with which country's central bank?

Related current affairs questions

Discussion

Discussion