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India: Reserve Bank Publishes Report on Benchmarking Payment Systems

On June 4, 2019, the Reserve Bank of India (RBI) published a report on the payment systems and payment instruments present in India in comparison with other countries such as Australia, Brazil, Canada, China, France, Germany, Hong Kong, Indonesia, Italy, Japan, Russia, Singapore, South Africa, the UK and the United States. Through this first-of-its-kind benchmarking exercise, the RBI’s objective was to assess India’s standards on payment systems and instruments in comparison with those in other jurisdictions.

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