RBI and State Bank of Vietnam Collaborate on Digital Payments
The Reserve Bank of India and the State Bank of Vietnam signed a Memorandum of Understanding on May 5, 2026, to collaborate on digital payments and financial innovation. This initiative aims to enhance cross-border QR code-based payment systems and strengthen India's position as a fintech hub. The agreement includes information sharing, regulatory coordination, and joint projects to facilitate financial transactions between India and Vietnam.
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