RBI Project Nexus | UPI | ASEAN Countries | UPSC | Indepth | Drishti IAS English

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The Reserve Bank of India (RBI) has joined Project Nexus, a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs). India’s Unified Payments Interface (UPI) and FPSs of Malaysia, the Philippines, Singapore and Thailand will be interlinked through Nexus. Going ahead, the platform can be extended to more countries.
Project Nexus is conceptualised by the Innovation Hub of the Bank for International Settlements (BIS). It seeks to enhance cross-border payments by connecting multiple domestic instant payment systems (IPS) globally. It is the first BIS Innovation Hub project in the payments area to move towards live implementation.
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#RBIProjectNexus #RBI #currentaffairs

[@usmaanbhat5742]

Thnku so much

[@aswanimallela1480]

It is too useful information mam

[@vaishnavishriyasrivastava703]

Thank you so much ma'am 🙏

[@ashutoshpandey9102]

Prelims MCQ; Option B) BIS Thank you so much 🙏🙏🙏❤❤❤❤😊😊😊

[@sibaniparida1702]

Thank you so much

[@syme43sharadkaunsalye70]

Thankyou mam

[@user-qd7em6in4u]

thanks mam ji

[@themusiclovers50]

#BIS

[@Commando_aj_67]

B:- BIS (Bank of International Settlements)

[@Shanibaudhh]

Option B

[@user-rm8bi7fy9b]

Nice explanation.

[@DrishtiIASEnglish]

Glad it was helpful!

[@penchalatataraodara8250]

A) B - (BANK FOR INTERNATIONAL SETTLEMENTS).

[@AradhanKammela-dv2fo]

BIS -> Bank for International Settlements

[@ShivrajTatamotors_india]

b. correct

[@aafaqahmadqurashi1084]

❤❤

[@sathiyapragash7]

Option B : BIS (innovation hub of bank for international settelments)

[@tuneit3469]

Option B Bank for International Settlements (BIS)

[@Payal-gg3xm]

Option b

[@riyaz6829]

🌷Answer B mam.....Thank you mam ❤

[@pramodranjan2307]

B: bank for international settlement

[@nilabharathi6665]

BIS

[@archanaroy132]

(b) BIS

[@surajchowdhury9190]

B) Innovation Hub of Bank for International Settlements(BIS) HQ:- Switzerland

[@RiyanshuMaddeshiya]

BIS Bank for International Settlements

[@adityasingh3183]

The answer is option B that is BIS ( Bank of international settlement)

[@sudharshansavs4328]

B HQ : Switzerland

[@Riya-sz6yp]

B. BIS

[@JEEVAJOTHI-or4wi]

Option b Mam

[@rajkumarpaswan549]

B BIS bank for international sett

[@seshaiahkota2284]

Bis

[@ch.devendrakumar2479]

B) BIS

[@madarshaik7791]

B mam

[@user-ec6wj5om4n]

Bank For International Settlements Ma'am...

[@Srisrinusrinivas98]

Bank for international settlement

[@rameshpavada2916]

B

[@SwatiMohanta-fo4qq]

bis

[@Pranav-the_Warrior]

Bis - Bank fir international settlement

[@mayukheekar6995]

b

[@user-zt6mr6ed9d]

Option b

[@user-db8gt7ts4u]

BIS

[@sridevikambothu3966]

(b)BIS

[@jkdefence4371]

Bis

[@shaliniyadav6259]

B

[@MohammaD20186]

BIS

[@mathematicsmental4685]

BIS

[@sibaniparida1702]

BIS

[@chandumenda8373]

BIS

[@Nature-vale]

BIS

[@ashokpalepu8395]

BIS

[@user-jy7dc5pt8m]

BIS

[@amanagarwal135]

BIS

[@jyotishmasarma4053]

BIS

[@Ankit_up90]

BIS

[@tarunasharma9644]

BIS

[@darling.naga1435]

BIS

[@hanimnair9870]

BIS

[@user-qd7em6in4u]

BIS

[@NafishaKhan123-vz4vb]

BIS

[@samipan6612]

BIS

[@PavansaiNadakuditi]

Bis

[@deepakbhue1444]

B

[@user-bp3gu5ln1d]

B

[@duvvudileepkumar8855]

B

[@yannamallanagaraju311]

B

[@ashishkumar-og3cq]

B

[@shivanshupandey3175]

B

[@bhavanaramana2386]

B

[@yammyyams24]

B

[@user-mr2er5re5i]

B