💨 Abstract

Axis Bank in India has partnered with J.P. Morgan and Kinexys to provide real-time U.S. dollar payment capabilities to commercial clients, marking the first instance for an Indian company to make or receive dollar payments anytime. The service, delivered from Gujarat International Finance Tec-City, will streamline payments, unlock liquidity, and offer optionality on cross-border payments.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖