A- A A+
Last Updated : Sep 19 2020 2:50PM     Screen Reader Access
News Highlights
Rajya Sabha passes Insolvency and Bankruptcy Code (Second Amendment) Bill 2020; Bill temporarily suspends initiation of CIRP under the code            President Ram Nath Kovind says New Education Policy will restore India's glory as a great centre of learning globally            NIA arrests nine Al-Qaeda terrorists from West Bengal, Kerala; Group was planning to attack vital installations in the country            J&K Lieutenant Governor Manoj Sinha announces 1350 crore relief package for traders            Highest single day COVID-19 recovery of over 95 thousand registered in the country; Recovery rate improves to 79.28 pct           

National News

May 16, 2019
8:07AM

RBI releases vision document for e-payment system

FILE PIC: PTI
Reserve Bank of India has released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system. 

The move comes as the apex bank expects the number of digital transactions to increase more than four times to 8,707 crore in December 2021. 

According to RBI release on Wednesday the 'Payment and Settlement Systems in India: Vision 2019 - 2021', with its core theme of 'Empowering Exceptional E-payment Experience', envisages to achieve "a highly digital and cash-lite society" through the goal posts of competition, cost-effectiveness, convenience and confidence (4Cs).

The RBI said the payment systems landscape will continue to change with further innovation and entry of more players which is expected to ensure the optimal cost to the customers and freer access to multiple payment system options.

It said that the bank will implement the approach outlined in this Vision during the period 2019 - 2021. It further said that the approach of the RBI will continue to be of minimal intervention in the pricing of charges to customers for digital payments, all efforts will be made towards facilitating the operation of payment systems which are efficient and price-attractive.

The RBI said that the document talks about creating customer awareness, setting up a 24X7 helpline and self-regulatory organisation for system operators and service providers, among others. It added that the 'no-compromise' approach towards safety and security of payment systems remains a hallmark of the vision.

Live Twitter Feed

Listen News

Morning News 19 (Sep) Midday News 19 (Sep) Evening News 18 (Sep) Hourly 19 (Sep) (1300hrs)
समाचार प्रभात 19 (Sep) दोपहर समाचार 18 (Sep) समाचार संध्या 18 (Sep) प्रति घंटा समाचार 19 (Sep) (1310hrs)
Khabarnama (Mor) 19 (Sep) Khabrein(Day) 19 (Sep) Khabrein(Eve) 18 (Sep)
Aaj Savere 19 (Sep) Parikrama 18 (Sep)

Listen Programs

Market Mantra 18 (Sep) Samayki 9 (Aug) Sports Scan 18 (Sep) Spotlight/News Analysis 18 (Sep) Employment News 18 (Sep) World News 18 (Sep) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 18 (Sep) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 19 (Sep) North East Diary 17 (Sep)