PAYMENT AND SETTLEMENT SYSTEMS IN INDIA: VISION – 2021

Strategy

PAYMENT AND SETTLEMENT SYSTEMS IN INDIA: VISION – 2021

By Reserve Bank of India

Building on Vision 2018, the document aims to push India further towards a “less-cash, less-card” economy by expanding digital payment options (like UPI, IMPS, NEFT), scaling acceptance infrastructure (PoS, QR, feature phone and offline payments), and sharply increasing digital transactions relative to GDP.

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