Digital Payments 2022

  • RBI’s ‘Payments Vision 2025’ aims for a three-fold increase in digital payments

    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...

    Published On June 20th, 2022
  • RBL Bank and Amazon Pay ties up to offer UPI payment

    RBL Bank, Amazon Pay, and Amazon Web Services (AWS) have partnered together to deliver universal payments interface (UPI) payments, which will include peer-to-peer and peer-to-merchant transactions. Amazon Pay would grant RBL Bank a UPI ID with the handle @rapl from...

    Published On May 21st, 2022
  • RBI issued framework for offline digital payments

    Reserve Bank of India has issued a framework for facilitating small-value digital payments in offline mode using cards, wallets, mobile devices, etc, to push digital transactions in rural and semi-urban areas. The upper limit of an offline payment transaction was...

    Published On January 6th, 2022