Road Map for Digital Payments in India

The Reserve Bank of India has defined a vision for digital payments from 2019 to 2021, to “empower every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable.” To this end, it says it intends to follow an approach that enhances customer experience, empowers payment systems operators and […]

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Report of “Committee on Deepening of Digital Payments”​ – Summarized Version

As per the Report of Nandan Nilekani Committee on Deepening of Digital Payments, the Reserve Bank of India (RBI) and the government must target 10X growth in the volume of digital payments in the next three years. This growth will be driven by a shift from high-value, low-volume, high-cost transactions to low-value, high-volume, low-cost transactions. Initiatives […]

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National Common Mobility Card Programme of India (NCMC) : One Nation , One Card

National Payments Corporation of India (NPCI) is working with the Ministry of Urban Development (MoUD) and central government for implementation of National Common Mobility Card (NCMC) program across the country. One Nation, One Card for transport mobility was launched earlier in March 2019 by our Prime Minster . These are bank-issued cards on debit, credit, […]

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