RBI Vision 2021

  • On 16th May, 2019, the Reserve Bank of India (RBI) released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system in country.
  • The ‘Payment and Settlement Systems in India: Vision 2019 - 2021’, envisages achieving a highly digital and cash-lite society through the goal posts of competition, cost effectiveness, convenience and confidence (4Cs).
  • In all, the Payment Systems Vision 2021 has 36 specific action points and 12 specific outcomes.

Aim of the Vision

  • To Increase Digital Transactions: Aiming at a cash-lite society, it expects the number of digital transactions to increase more than four times till December ....
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