Economic Times1d agoBusiness1 min readIndia
RBI Pushes for Interoperability in Trade Receivables e-Discounting System
Quick Look
- The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS).
- This initiative aims to prevent business concentration among a few entities, drawing parallels to the early stages of UPI.
- Discussions with industry stakeholders and a process note have been shared.
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Why It Matters
The Reserve Bank of India (RBI) is seeking to enhance the Trade Receivables e-Discounting System (TReDS) by promoting interoperability among its participants. This move is intended to prevent market concentration, similar to issues observed with the Unified Payments Interface (UPI).
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The Reserve Bank of India is pushing for interoperability in the Trade Receivables e-Discounting System (TReDS) to ensure that business on the platform does not concentrate among just two or three entities, like what was seen on UPI, three people in the know said.
“The conversations with industry participants have already happened, the process note has also been shared, so there is a fair understanding how the system will work, implementation
Open Questions
- What is the timeline for TReDS interoperability implementation?
- Which specific entities are currently dominating the TReDS platform?
- What are the potential benefits for smaller businesses?
Related Topics
This article was originally published by Economic Times.
