IBPC Event to Promote LCTSM/UPI-IPP Platform Adoption for Businesses and Traders

• RBI Delegation addressed in Dubai, the mechanism of cross border transaction between UAE and India in local currencies (AED vs INR)

11th June 2024, UAE:  Indian Business and Professional Council (IBPC) Dubai, along with representatives from the National Payments Corporation of India and the Reserve Bank of India, showcased significant advancements in digital payments and currency settlement mechanisms at a recent conclave in their efforts to enhance economic collaboration and facilitate seamless cross-border transactions.