Faster, inclusive payment services to deliver widespread benefits: Shaktikanta Das
Mumbai, Sep 4 (PTI): Reserve Bank Governor Shaktikanta Das on Monday said faster, transparent and more inclusive payment services will deliver widespread benefits as he flagged concerns over high cost and slow cross-border payments. ”Notwithstanding the progress made so far, the key challenges to the existing cross-border payment systems continue to be high cost, low speed, limited access and insufficient transparency. Faster, cheaper, more transparent and more inclusive cross-border payment services would deliver widespread benefits to people and economies worldwide. ”It would also support economic growth, international trade and financial inclusion,” Das said at the concluding session of the G20