PAYMENTS VISION 2025 Flashcards

1
Q

Who has launched?

A

RBI

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2
Q

Guidance by?

A

Board for regulation and supervision of payment ans settlement systems

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3
Q

Built on which year initiatives?

A

payments vision 2019-21

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4
Q

How many goalposts?

A

5 anchor goalposts
1-INTEGRITY
2-INCLUSION
3-INNOVATION
4-INSTITUTIONALISATION
5-INTERNATIONALISATION

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5
Q

Theme

A

E-Payments for everyone,everywhere,everytime

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6
Q

Objective

A

To elevate the payment systems towards a realm of empowering users with affordable payment options

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7
Q

What are PPIs?

A

Prepaid Payment Instruments

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8
Q

One objective is to bring enhancements in which system?

A

Cheque Truncation System (ONE NATION ONE GRID SYSTEM)

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9
Q

Regulation of which Techs in payments space?

A

BIGTECHS
FINTECHS

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10
Q

BNPL?

A

Book now pay later methods

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11
Q

Global vision?

A

Payments will reach everyone giving reach to Indian payment systems by 2025

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12
Q

Objective

A
  • “tripling” no. of digital payments

*Increase debit card transactions at PoS by- 20%

Crd acceptance infrasture to increase to- 250 lakh

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13
Q

Pay later is which type of a loan?

A

Installment loan

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14
Q

Vision of UPI to register annualised growth of?

A

50%

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15
Q

founder of Spice Money?

A

DILIP MODI

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16
Q

EXECUTIVE CHAIRMAN ANDROMEDA LOANS AND APNAPAISA?

A

V. Swaminathan

17
Q

As per RBI, total digital payments have incresed by?

A

216%-volume
10%-value