This linkage will enable individual customers maintaining bank accounts with participating banks to register and transact on the FX-Retail platform via enabled digital channels of these banks and through TPA providers The FX-Retail platform of the Clearcorp Dealing Systems (India) Ltd (Clearcorp) has been linked with Bharat Bill Payment System (Bharat Connect) to expand the reach of the platform, enhance user experience, and enable a larger number of customers to access the FX market transparently and with ...

With the linkage, customers will be able to access USD through their preferred payment/banking apps integrated with the Bharat Connect or Bharat Bill Payment System (BBPS) platform. Currently, five lenders -- Federal Bank, ICICI Bank, The FX-Retail platform is operated by Clearcorp Dealing Systems (India), launched in 2019, with the objective of bringing greater transparency and fairness in the pricing of foreign exchange for its users. Clearcorp is a wholly owned subsidiary of the Clearing Corporation of ...