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central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. FedNow is the new interbank real-timegrosssettlement (RTGS) service that will offer integrated clearing functionality for faster digital payments.
The landscape of payments in the United States is undergoing a rapid transformation. As digital commerce expands and consumer expectations evolve, the demand for faster, more secure, and cost-effective payment solutions has intensified. What Is FedNow?
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