India is advocating for the adoption of open and interoperable payment systems, such as UPI (Unified Payments Interface), among WTO (World Trade Organisation) members to reduce the cost of remittances. The challenge of high remittance costs, averaging 6.18% globally, is a key issue India aims to address at the ongoing WTO's 13th Ministerial Conference (MC13) in Abu Dhabi. Read The Rest at :
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