RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments

RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments https://ifttt.com/images/no_image_card.png"While the current practice involves settling transactions through traditional banking channels, CBDC could enable direct settlement between parties," said Mihir Gandhi, partner and leader of payment transformation, PwC India. "The advantages are substantial, but India will also need to address numerous challenges and proactively mitigate associated risks."