Positive impactEconomy
JPMorgan working with NPCI on cross-border payments across close to 70 countries: Christine Tan
Economic Times 1 hr ago·9 Sept 2026, 2:30 pm
JPMorgan Chase is collaborating with the National Payments Corporation of India (NPCI) to develop a system for cross-border payments. The goal is to link various payment networks across nearly 70 countries, aiming to make international money transfers faster and more efficient.
This development is significant for the Indian market. By integrating NPCI’s infrastructure with global networks, the initiative seeks to reduce the friction and delays often associated with sending money abroad. This could benefit Indian businesses and individuals by lowering costs and improving the speed of transactions.
Investors should watch for the timeline of this integration and the specific countries involved. The success of this project could position India as a major hub for global remittances and international trade, potentially boosting the country's financial ecosystem.
Excerpt from Economic Times
Published On Sep 9, 2026 at 08:00 PM IST New York headquartered JPMorgan is working with the National Payments Corporation of India (NPCI) on cross-border payments and can support NPCI in the jurisdictions where it operates, which are close to 70 countries, said Christine Tan, Head of Financial Institutions Group…Read the original at Economic Times
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- Category: Economy.
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