Potholes on the digital payment superhighway


This editorial illustrates the system of digital payments, role of RBI in evolution of digital payments in India especially through implementation of the Real Time Gross Settlement System, or RTGS followed by National Electronic Funds Transfer or NEFT, formation of National Payments Corporation of India (NPCI) which was highly supported by innovative technologies like Immediate Payment Service (IMPS) and Unified Payments Interface (UPI).


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