RBI regulatory sandbox: How this fintech uses blockchain for cross-border pay3 min read . Updated: 15 Sep 2021, 01:22 PM IST
- Open Financial Technologies’ platform helps businesses send and receive payments, automate accounting and expenses, and uses application programming interface tools to help integrate banking processes with SME workflows
The Reserve Bank of India has selected Open Financial Technologies Pvt Ltd to build a blockchain-based cross-border payment system. Open Financial Technologies has been selected as part of the second cohort under the regulatory sandbox framework of the central bank. The theme of the cohort is how fintechs can solve today’s problems with cross-border payments.
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