Monday, February 22, 2021

State Bank of India joins JPMorgan's blockchain-based payment network

The tie up is expected to reduce SBI customers’ transaction costs and time taken for payments, sources said. Time taken to resolve cross-border payments-related inquiries can be reduced to a few hours from up to a fortnight, they said. This will help cross-border payments reach beneficiaries faster and using limited steps.

from Banking/Finance-Industry-Economic Times https://ift.tt/37CA7Qi

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