If you are a freelancer in India and receive payments in your bank account from overseas clients, you must have faced the pain of high bank fees, unnecessary paperwork, and unclear timelines of when the actual credit to the bank account will happen. Similarly, if you are an Indian consumer buying goods or software from international websites, the lack of payment options like UPI or Netbanking causes a lot of inconvenience and a sub-optimal
RBI new norms give breather to banks. Is this the UPI moment for cross-border payments in India?
