How RBI Can Shake Up India’s Retail Payment Systems
Payment businesses from global names like Google, WhatsApp, Visa, Mastercard , to the country’s banks, its postal service, e-commerce firms and telecom companies are all competing for customers. All of these entities rely on the common network and payment infrastructure designed and created by the RBI and NPCI. (Photographer: Samyukta Lakshmi/Bloomberg)

How RBI Can Shake Up India’s Retail Payment Systems

It was about a decade-and-a-half ago, in 2004, that the Real Time Gross Settlement was introduced in India. It was the first major step towards electronic payment systems in India. Then came the Na...
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