In the work the RBI paper on payment and settlement systems you speak on the flexible approach to Ambience amazing pic

the unveiling last week by Reserve Bank of India of a bichon document for 2018 on payment and settlement Systems on the confirm the amazing control of revolution that has already begun, but it is well come for that clarity it provide to enable a roadmap in who is emerging financing technology and Ferb hundreds of millions of people in short span of time at relatively low cost thanks to the inclusive speed of mobile phones and innovation.
The pragmatic move toward the Lakers economy to the also make more money flow into mainstream banking channels to boost economic growth. Can we talk begin quickly some years ago and a telecom service company founded a trustable chota recharge in which prepaid mobile customer could transfer vehicle to each other through low balance service. Ram Dayal to mobile wallet and recently authorised payment Bank was only a logical journey.
But there's a hundred to overcome an enabling Regulation and practices needed to supervise new technology all alone the away and that is exactly that the RBI paper an vision . The central bank document top of Congress convenience confidence convergence and cost as the key 5c in the distance that involve creation of payment infrastructure that in Seoul Incheon for portability.
AP step toward inter probability happened earlier this year and RBI Governor Raghuram Rajan the evening scientific and system created Northern nilekani unveiled the any file payment interface link to Aadhar Unique Identification number for Millennium of people to easily and confidence really do digital money transfer. The RBI is trying to take forward Aadhar as a verification standard for payment.
Payment in the digital age are easy but bring it the date of 3rd that need to be minimised.
the RBI m2m sure all ATM to migrate to EMV chips. Tmb shot from Europe a MasterCard and visa is a new Global standard for card in hits Apple computer chip authentication will replace magnetic stripe verification.
Overall the RBI document API to speak of an alert flexible approach to Ambience emerging Technologies to enable the 5C we can only add 6C there cheers.