The Reserve Bank’s Payments Vision 2025 plan, which wants to triple the volume of digital payments, is progressive, according to industry players, and intends to build India as a worldwide payments powerhouse. In light of rising geopolitical threats, the RBI released its Payments Vision 2025 document, which discusses ring-fencing domestic payment networks, as well as the necessity to enforce domestic processing of payment transactions. The core theme of the 2025 Payments Vision document is ‘4Es’ – ‘E-payments for Everyone, Everywhere, Every time’.
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