PAYMENTS VISION 2025 Flashcards
Who has launched?
RBI
Guidance by?
Board for regulation and supervision of payment ans settlement systems
Built on which year initiatives?
payments vision 2019-21
How many goalposts?
5 anchor goalposts
1-INTEGRITY
2-INCLUSION
3-INNOVATION
4-INSTITUTIONALISATION
5-INTERNATIONALISATION
Theme
E-Payments for everyone,everywhere,everytime
Objective
To elevate the payment systems towards a realm of empowering users with affordable payment options
What are PPIs?
Prepaid Payment Instruments
One objective is to bring enhancements in which system?
Cheque Truncation System (ONE NATION ONE GRID SYSTEM)
Regulation of which Techs in payments space?
BIGTECHS
FINTECHS
BNPL?
Book now pay later methods
Global vision?
Payments will reach everyone giving reach to Indian payment systems by 2025
Objective
- “tripling” no. of digital payments
*Increase debit card transactions at PoS by- 20%
Crd acceptance infrasture to increase to- 250 lakh
Pay later is which type of a loan?
Installment loan
Vision of UPI to register annualised growth of?
50%
founder of Spice Money?
DILIP MODI