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Indian Business and Professional Council (IBPC) Dubai, along with representatives from the National Payments Corporation of India and the Reserve Bank of India, showcased significant advancements in digital payments and currency settlement mechanisms at a recent conclave in their efforts to enhance economic collaboration and facilitate seamless cross-border transactions.

Al Ansari Exchange, a branch of Al Ansari Financial Services, is set to utilise Aani, an instant payment platform designed to revolutionise digital payments. This move follows a partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE).