Abstract:

Cross-border transactions have been more and more popular around the world. However, the current cross-border transactions still have risks and challenges, eg, differences in regulation policies and unbalanced profits of banks. All things considered, as per a new PwC report, India is the biggest market for internal settlement stream across the globe, at around $83 billion. In this paper, I have discussed the landscape of cross border payments in India and its historical background and why are cross boundary payments significantly more troublesome than homegrown payments? I have also researched on block chain technology for cross-border payments. Research Methodology adopted by the researcher to carry out his research work is conceptual research. To re-examine the concept of cross border transactions and observing and interpreting the already present information on the topic.