Central Banking

RBI aims to triple volume of digital payments by 2025

New strategy document aims to build on “phenomenal” growth in electronic payments

Reserve Bank of India HQ, Mumbai
Reserve Bank of India HQ, Mumbai

The Reserve Bank of India is aiming to more than triple the volume of digital payments processed in the country by 2025, as part of a new payments strategy.

Launched on June 17, Payments Vision 2025 sets out a host of goals covering the integrity of payment systems, financial inclusion, innovation, the institutional framework and international payments.

The central bank said it aimed to build on the “phenomenal” growth in electronic payments India has seen in the past three years. Between 2019

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