Project Nexus, conceptualized by the Innovation Hub of the _______, aims to enhance cross-border payments by connecting multiple domestic instant payment systems (IPS) globally. The RBI has joined this initiative, which will connect India's UPI with the FPSs of Malaysia, the Philippines, Singapore, and Thailand.
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Bank for International Settlements (BIS)
2
World Bank
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International Monetary Fund (IMF)
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Asian Development Bank (ADB)
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United Nations (UN)