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DIGITAL ADOPTION FOREX
India's forex demand shifts beyond metros as Tier 2, 3 cities contribute 53 per cent: Thomas Cook reportBased on transaction data for April 2025 to March 2026, the report highlighted an increasingly diversified forex market driven by rising ou...- Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...
- India's richer middle class is living a more dollar-linked life while earning in rupeesDollar spending India: The country's expanding middle class now spends more on foreign goods and services. International travel and oversea...
- Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- Indian travellers worry more about forex costs than visa queues: ReportIndian travellers are set to spend more overseas following a tax reduction. However, managing travel budgets is their biggest worry. Many s...
- BHIM Payments App records 300% surge in FY26 transactionsBHIM Payments App saw a significant 301% surge in transaction volumes during FY26. More users embraced the platform for daily purchases lik...
- Beyond Bitcoin: Why tokenized assets are gaining serious investor attentionIndian investors can now access global markets easily. Tokenization converts real-world assets into digital tokens. This allows fractional ...
- Bank of Baroda to provide AI-driven support, forex facility, ATMs, and coin vending machines for Maha Kumbh 2025Bank of Baroda (BoB) is providing enhanced banking services for the Maha Kumbh Mela 2025, including AI-driven customer support, forex facil...
- Make remittances cheaper, WTODigital money transfers are pulling down cost of remittances. The global average cost of sending $200 in Q3 2023 was 6.18%, a marginal decl...
- Nigerian central bank lifts ban on crypto tradingThe Central Bank of Nigeria (CBN) in February 2021 barred banks and financial institutions from dealing in or facilitating transactions in ...
- Nigerian central bank lifts ban on crypto tradingThe Central Bank of Nigeria (CBN) in Feb. 2021 barred banks and financial institutions from dealing in or facilitating transactions in cryp...
- Global finance dominated by few currencies, need to de-risk by diversifying, says RBI DG T SankarThe global currency system needs to be diversified with the adoption of liquid currencies to de-risk the system from dependence on a few re...
- Sri Lanka to restrict fuel imports for one year amid worst economic crisis: MinisterSri Lanka will restrict fuel imports for the next 12 months as it is facing a severe shortage of foreign exchange, Minister of Power and En...
- Indian economy will be impacted due to the second wave of Covid 19: SBI chairman Dinesh Kumar KharaThe bank will accelerate its digital offerings and shift more and more transactions online especially through its YONO application, Khara s...
- Standard Chartered launches digital solution to help businessesThe bank has a Trade GoDigital Solution, an integrated solution giving clients visibility of their export transactions so that they can dig...
- Soon withdraw cash from digital wallets, prepaid cards of non-bank entitiesPPIs stand for prepaid payment instruments. Forex cards, digital wallets etc are some examples of PPIs. The statement stated that the neces...
- Crypto's open secret: Its multibillion dollar volume is suspectMarket participants say quantifying the scale of suspected volume exaggeration is difficult.
- ICICI says automation to handle 20% transactions by March-endAt present, the solutions have been introduced in processes in the retail banking, agro business, trade and forex, treasury and HR function...
- Liquidity, exchange rate top RBI's concernsRBI will have to address liquidity as well as exchange-rate management continuously to smoothen short-term interest rates, according to Rak...
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