Visa plans to enter cross-border corp payment segment, seeks RBI nod

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Mumbai: Global payments company Visa Inc has sought the central bank’s permission to offer a new cross-border payments system to process trade flows to and from India, offering a potentially cheaper – and quicker – blockchain-based solution now on trial.

Visa is likely to partner a private sector bank for this offering, three people familiar with the plan told ET.

Visa expects to gain market share in the high-value cross-border corporate

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