Under the program which commenced earlier this year, banks, fintech and technology companies can collaborate and run real-time experimental pilots under the supervision of a central bank team who can then determine the efficacy of mass-market applications based on the results.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-identifies-cross-border-payments-for-the-second-leg-of-sandbox-innovation/articleshow/79764527.cms
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