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RBI plans simpler cross-border payment approvals to boost MSMEs
The Business Guardian
|June 14, 2026
The Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exporters as part of its Payments Vision 2028, according to an EY report, which identified cross-border payments as a key strategic priority for the next phase of India’s digital payments growth.
In its report, Payments Vision 2028: Preparing to Shape India’s Payment Frontier, EY said the RBI is moving beyond the earlier focus on expanding digital payment adoption and is now seeking to improve the efficiency of cross-border transactions and strengthen India’s position in global payments.
“Cross-border payments appear as a strategic priority, with proposed simplification of authorizations-- potentially through a single-window approach -- along with a comprehensive ecosystem review,” the report said.
Cette histoire est tirée de l'édition June 14, 2026 de The Business Guardian.
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