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India and Indonesia in Talks for UPI-Integration with Payment System

Photo by rupixen.com on Unsplash

India is in talks with Indonesia to link the two countries’ fast payments systems to allow transactions in local currencies, a top Indian official said on Sunday, on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors (FMCBG). The development was separately confirmed by Indonesian Finance Minister Sri Mulyani Indrawati.

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