India, May 29 -- The Government of India has issued a release:
The Reserve Bank of India and the State Bank of Vietnam on 05.05.2026 signed a Memorandum of Understanding (MoU) to promote cooperation in financial innovation and digital payments, including information sharing, regulatory coordination, and payment system connectivity for cross-border QR Code-based merchant payments.
The MoU marks a forward-looking and substantive step towards strengthening bilateral cooperation in financial innovation and digital payments, with potential to enhance cross-border payment linkages and position India as a major fintech hub.
With the approval of the Union Cabinet, the Reserve Bank of India (RBI) and the State Bank of Vietnam (SBV) signed a Memor...