Digital Payment Current Affairs, GK & News

Payment Infrastructure Development Funds

January 7, 2021

The Reserve Bank of India recently announced operational guidelines to Payment Infrastructure Development Funds. The main aim of the funds is to deploy more digital payment infrastructure across tier-3 to tier-6 centres and in the north eastern states. What are the guidelines issued by RBI? The Central Bank has constituted an advisory council under the ..

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RBI Digital Payments Index

January 2, 2021

The Reserve Bank of India recently released the Digital Payments Index to measure the growth in cashless transactions in India. What are the parameters of the Digital Payments Index? The Digital Payments Index comprises of five broad parameters. These parameters have different weight to measure the penetration of digital payments in the country. The parameters ..

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RBI releases Vision Document (2019-2021) for e-Payment System

May 16, 2019

The Reserve Bank of India (RBI) has released a vision document to ensure a more convenient, affordable, quick, safer and secure e-payment system. The RBI’s vision document is titled ‘Payment And Settlement Systems In India: Vision 2019 – 2021’ Key Highlights about Vision Document Reason: The vision document is released on a pretext that as ..

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