Militants attack J&K ministe…

  Srinagar: Militants at…

10 die in Manipur accident

  Imphal: At least 10 pe…

Muslim ban represents US' darkes…

  New Delhi: As a teenag…

Terror attack in Bangladesh: BSF…

  Agartala: The Border S…

Farooq Abdullah says 'Tiger is b…

  Srinagar: Farooq Abdul…

Equities trim gains on global cu…

Mumbai:  After two consec…

Complaint against Microsoft in U…

New York:  Three persons …

Russian news service applies for…

Washington:  The Russian …

Borders will be sealed: Rajnath …

Gwalior:  Union Home Mini…

«
»
TwitterFacebookPinterestGoogle+

Comments by Mr. Dilip Asbe, Chief Operating Officer, NPCI on- Payment and Settlement Systems in India: Vision-2018

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 

npci logo

“We welcome the vision 2018 document for Payment and Settlement Systems in Indiaby RBI. It focuses on ensuring that access to mobile banking service is seamlessly provided which will drive payments in the future. We are working towards rolling out Unified Payments Interface (UPI) in July and then Bharat Bill Payment System (BBPS) which will be supporting RBI’s vision. Our products like RuPay cards, Immediate Payment Service (IMPS) etc. are being offered with an objective towards achieving a ‘less-cash’ society. Currently, several banks are testing UPI under Closed User Group out of which at least 15 banks will go live. The on-boarding and certification process is on with the potential Bharat Bill Payment Operating Units (BBPOUs) who have received in-principle approval from RBI. The vision document will help us to touch every Indian with one or other payment services.”

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*

Sections

Shows

Other News

About Us

Follow Us