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Payments Vision 2025
June 20 , 2022
890 days
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- The RBI released its vision on architecture of digital finance, in a document for payments systems.
- It aims to provide a safe and affordable e-payment options to every user.
- The document includes
- Regulations for BigTechs and fintechs in payments
- Guidelines on payments along with “Buy Now Pay Later” (BNPL) services
- Introducing central bank digital currency (CBDC)
- Linking credit cards as well as credit components of banking products with the Unified Payments Interface (UPI).
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