PRI proposes unified digital payment system to reduce remittance costs

The Policy Research Institute has proposed an inclusive system using the Mojaloop platform to streamline digital transactions and lower remittance expenses.

PRI proposes unified digital payment system to reduce remittance costs

The Policy Research Institute (PRI) has introduced a proposal for an inclusive framework designed to unify digital payment systems and reduce the costs associated with remittances.

According to the study, the proposed system will be developed on the open-source Mojaloop platform. This infrastructure aims to facilitate instant, cost-effective, and interoperable transactions across various financial entities, including banks and mobile financial service providers.

তথ্যসূত্র: The Business Standard
#digital payments#PRI#remittance#Mojaloop