India’s CrossBorder Payment Systems Under Strain: RBI Highlights Geopolitical Risks
In its recently released Payments System Report (H1 2025), the Reserve Bank of India (RBI) has sounded a red alert: geopolitical tensions are emerging as a key threat to cross-border payments. What’s Going On? The RBI points to the centralised nature of global financial infrastructure and the heavy dependence on a handful of settlement currencies.
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