Sending money back home is about to get cheaper for Indian expats

Sending money back home is about to get cheaper for Indian expats·Quartz

The Indian rupee’s recent plunge has made remittances by Indian expatriates more valuable. The cost of sending money, too, is reportedly likely to fall soon. The National Payments Corporation of India (NPCI), the digital payments enabler and settlement system in India, is planning an alternative to the SWIFT payment system operator used widely for trade and cross-border payments internationally.

Advertisement