New Delhi, May 30 -- The Reserve Bank of India (RBI) and the State Bank of Vietnam (SBV) have signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial innovation and digital payments, including cross-border QR code-based merchant payment connectivity.

The agreement, signed on May 5, 2026, with approval from the Union Cabinet, aims to enhance collaboration in areas such as information sharing, regulatory coordination, and development of digital payment systems between the two central banks.

Focus On Digital Payment Innovation And Regulatory Cooperation

According to the MoU, both institutions will cooperate on emerging trends in digital payments, innovative financial technologies, regulatory frameworks, and best ...