Kotak Mahindra Bank Ltd. has joined the interbank funds-transfer service National Payments Corp. of India launched last fall. The Mumbai-based bank launched the service on March 24 for the bank’s ...
According to the Bank for International Settlements (BIS), a payment system consists of a set of instruments, banking procedures and, typically, interbank funds transfer systems that ensure the ...
When a business sends a cross-border payment, two processes determine whether funds arrive: clearing and settlement. The ...
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The field trial will see the Japanese Payments Clearing ...
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