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'One of the most important forward-looking initiatives is the global outreach of UPI, RTGS, NEFT and RuPay cards with internationalisation'
The Reserve Bank of India (RBI) on Friday released 'Payments Vision 2025', a blueprint for the regulation of payment systems in the country.
With a few exceptions such as telecommunication, financial services and oil and gas, to an extent, the economy has buckled under the weight of inconsistent policies, and multiple taxation..
The document also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of the emerging geopolitical risks.
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) on Friday released 'Payments Vision 2025', a blueprint for regulation of payment systems in the country. Business News | RBI Releases Blueprint for Regulation of Payments System.