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RBI aims to simplify cross-border payments under Payments Vision 2028
The Reserve Bank of India (RBI) is set to simplify cross-border payment approvals and reduce regulatory friction for businesses and exporters as part of its Payments Vision 2028. An EY report highlights this as a key strategic priority, focusing on a single-window application process and ecosystem review to aid MSME exporters and strengthen India's global payment position.
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