RBI and State Bank of Vietnam Sign MoU on May 5, 2026 to Strengthen Digital Payments and Financial Innovation

• Bilateral central-bank MoU between Reserve Bank of India (RBI) and State Bank of Vietnam (SBV) to deepen cooperation in financial innovation and digital payments, including cross-border QR-code merchant payment linkages.
• Anchors a broader Indian push to export UPI/QR architecture as digital public infrastructure (DPI) — relevant for UPSC GS-II (bilateral) and GS-III (economy, fintech).
• Fits within the India–Vietnam Comprehensive Strategic Partnership (elevated 2016) and the Joint Vision for Peace, Prosperity and People (Dec 2020).