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21 June 2022

RBI unveils Payments Vision 2025 with intent to increase e-payments

The RBI on Friday came out with its 'Payments Vision 2025' document which seeks a three-fold jump in the number of digital payments, increase in debit card usage and less cash in circulation. The document 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.

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