EXCLUSIVE-India govt, central bank in talks with Alipay+ to integrate its instant payment systems, sources say

The sources declined to be ‍identified as the discussions have not been made ​public. India's finance ministry, the Reserve Bank of ⁠India and the National Payments Corporation of India did ⁠not immediately respond to requests for comment. Singapore-based Ant International, an overseas arm of Chinese ⁠fintech giant Ant Group, also did not immediately respond ⁠to ‌a request for comment.

India's government and central ‌bank are in talks with Ant International about allowing Alipay+ to ⁠be linked with India's instant payments system for cross-border transactions, according to two government sources.

The ​move would help make payments easier ‍for Indian tourists as they would be able to use India's Unified Payments Interface with merchants in foreign ⁠countries ‌who ⁠have signed up with Alipay+. The sources declined to be ‍identified as the discussions have not been made ​public.

India's finance ministry, the Reserve Bank of ⁠India and the National Payments Corporation of India did ⁠not immediately respond to requests for comment. Singapore-based Ant International, an overseas arm of Chinese ⁠fintech giant Ant Group, also did not immediately respond ⁠to ‌a request for comment.

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