Archive · 26 Sep 2025
Standard Chartered to Launch Real-Time Dollar Settlement Platform
Standard Chartered Bank, with help from other groups, is starting a new way to handle US dollar payments in GIFT City.
This new system will allow businesses to settle US dollar transactions much faster, in real-time instead of taking hours.
Many banks are joining this platform, which is expected to launch around October 7.
Standard Chartered's CEO also discussed the Indian economy, saying it is facing uncertainty and mentioned the impact of US tariffs on Indian goods.
Standard Chartered is launching a real-time USD settlement platform in GIFT City.
The platform is a collaboration with CCIL IFSC Ltd and IFSCA.
The platform will facilitate real-time dollar-denominated trades.
Launch is expected in early next month, with many banks already signed up.
CEO P D Singh noted economic uncertainty and impact of US tariffs.
- Who
- Standard Chartered Bank, CCIL IFSC Ltd, and IFSCA
- What
- Launching a real-time USD settlement platform
- When
- Launching early next month (approx. October 7)
- Where
- GIFT City, Gandhinagar, Gujarat
- Why
- To facilitate real-time settlement of dollar-denominated trades
Uncertainty
Growth
Economic Outlook
Uncertainty
Indian economy is facing uncertainty
Growth
Anticipating growth from various factors
- Bank
- Standard Chartered
- Platform Partners
- CCIL IFSC Ltd and IFSCA
- Service
- Real-time USD settlement
- Location
- GIFT City, Gandhinagar
- Launch Date
- Early next month (approx. October 7)
- CEO (India & South Asia)
- P D Singh
Sources
StanC to not add branches in India, consolidating them to be large format ones: CEO
Standard Chartered India to consolidate branch network, says CEO
Standard Chartered prefers organic growth over acquisitions in India, says CEO PD Singh
Standard Chartered India to consolidate branch network, says CEO
Standard Chartered Bank doesn’t want single-product customers: CEO
