India’s proactive stance on reducing the cost of cross-border remittances has garnered significant support from various World Trade Organization (WTO) members, signaling a potential breakthrough in global payment systems. While most countries, including the European Union, have rallied behind India’s proposal for a work programme at the WTO aimed at facilitating cheaper, faster, and more accessible cross-border payments, the United States stands as the primary exception to this consensus. The proposal, championed...