The Headlines – Global Fintech Fest: FM launches foreign currency settlement system; India accounts for ‘half of world’s real-time digital transactions’

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The Headlines – Global Fintech Fest: FM launches foreign currency settlement system; India accounts for ‘half of world’s real-time digital transactions’

Finance Minister Nirmala Sitharaman launched GIFT City’s foreign currency settlement system, enabling local settlement of international transactions. She also highlighted India’s AI advancements and the impact of Direct Benefit Transfers, while emphasizing support for Global Capability Centres and fintech’s role in democratizing finance.

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