The Reserve Bank's 'Payments Vision 2025' document, which seeks a three-fold jump in the number of digital payments, is progressive and aims to establish India as a powerhouse of payments globally, opined industry players.
The RBI on June 17 came out with its 'Payments Vision 2025' document which also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of the emerging geopolitical risks.
The core theme of the vision documents is 'E-Payments for Everyone, Everywhere, Everytime' (4Es), with an overall objective to provide every user with safe, secure, fast, convenient, accessible, and affordable e-payment options. Commenting on the document, Rajesh Mirjankar, MD and CEO, Kiya.ai, said the Payments Vision 2025 is progressive and has an outlook to establish India as a powerhouse of payments globally.
