RBI’s Digital Payments Vision : New Horizons

Payments Vision 2028 is not just a technology document. It is a strategic commitment to trust, security, and inclusiveness. The world has witnessed the journey from cheques to UPI. Now, India is moving towards an AI-driven, data-powered, globally integrated payment ecosystem. “The cheque has not died it has gone digital!” This is the essence of this vision. Stay alert while using digital payments, take advantage of new features, and be a part of building Digital India!

For the past three years, I have been delivering lectures on the topic “AI-Based Banking – A Vision for the Future 2030” in the context of payment systems, addressing hundreds of banking and credit society employees, and discussing what this concept could possibly mean.A New Direction: Today, we make payments everywhere from grocery shops to international trade through mobile phones. UPI, net banking, debit cards, and credit cards have become an integral part of our daily lives.But behind this digital payment revolution lies a long-term vision the Reserve Bank of India’s Payments Vision. The RBI has now announced a new roadmap up to December 2028.“Payments Vision 2028” is built on the core principle of “Shaping India’s Payment Frontier.”...(To continue, open the magazine)