RBI Payment Vision 2025
On 17th June, 2022, the Reserve Bank of India (RBI) released “Payments Vision 2025” with an objective to provide users with safe, secure, fast, convenient, accessible and affordable e-payment options.
- Core Theme: E-Payments for Everyone, Everywhere, Everytime (4 Es)
- Vision: Provide every user with Safe, Secure, Fast, Convenient, Accessible, and Affordable e-payment options (6 Attributes)
- Five Themes: Integrity, inclusion, innovation, institutionalisation, and internationalisation.
Goalposts of Payments Vision 2025 (Goals to Achieve)
- Bringing down the volume of cheque-based payments to less than 0.25% of the total retail payments.
- Tripling the number of digital transactions.
- To register average annualised growth of 50% for UPI and 20% for ....
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Current Affairs
- 1 High-Powered Committee on Ladakh
- 2 Corrupt Practices under Representation of People Act, 1951
- 3 Section 69(A) of Information Technology Act, 2000
- 4 Article 105 of Constitution: The Limits to Free Speech in Parliament
- 5 Special Category Status
- 6 Government sets up Panel on Digital Competition Law
- 7 Guillotine in Parliament
- 8 Rule 357 of Rules of Procedure and Conduct of Business in Lok Sabha
- 9 Delegated Legislation
- 10 Rule 267 of Rajya Sabha Rule Book