Economic Times3h 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 early issues on the UPI platform.
- Industry discussions and a process note have been shared.
AI-generated summary
Why It Matters
The Reserve Bank of India is seeking to improve the Trade Receivables e-Discounting System (TReDS) by promoting interoperability. This is to avoid business concentration on the platform among a few entities, similar to issues seen with UPI.
Font size
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
- When will implementation be completed?
- What specific measures will ensure interoperability?
Related Topics
This article was originally published by Economic Times.
