Which initiative was launched in 2024 to strengthen regional digital payment cooperation in South Asia?
Correct Answer :
South Asia Payment Connectivity Initiative
Solution :
The correct option is South Asia Payment Connectivity Initiative.
Explanation:
The South Asia Payment Connectivity Initiative was introduced in 2024 to enhance and streamline cross-border digital payment systems across South Asian nations. The initiative aims to facilitate seamless, real-time financial transactions, reduce remittance costs, and foster economic integration and regional FinTech cooperation.
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