RBI Benchmarking On Indian Payment System

Indian Payment System

[{"selector":"#anim-c7dbd757-c39d-46b3-ad55-955044654dac","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03591213-b6cb-48e2-b916-3d67c8d95e5a","keyframes":{"transform":["translate3d(132.87037%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee917b53-2590-4a71-a55a-3eb2c31cf48c","keyframes":{"opacity":[0,1]},"delay":250,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d1cff74-3b82-4d61-8292-709e81fa9a2e","keyframes":{"opacity":[0,1]},"delay":400,"duration":3500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

India has demonstrated improvement in digital payment options available for bill payments, ticketing systems for public transportation, ETC

[{"selector":"#anim-322b599d-1361-48eb-b448-cc6ed6428418","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e976bfb0-3bb8-41c7-b0a6-cdbacdecf334","keyframes":{"transform":["translate3d(0px, 151.64930%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c6dc573-82f3-4f0c-badd-5b904fd9e530 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

indian payment sys.

[{"selector":"#anim-2547b546-8813-4b9e-903c-cb789c73effc","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b1407f1-8270-4539-9467-19623bb03715","keyframes":{"opacity":[0,1]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b702e24-2465-42a2-b05d-b9c8d6a60899","keyframes":{"transform":["translate3d(-121.52467%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-16646a10-38a8-497a-b345-874a9f4399e0","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50e74e39-723d-4b72-a39a-dd543fe20278","keyframes":{"transform":["translate3d(-143.98341%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0e9fae9-1d06-4b93-8aee-4a8504b83732","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-589acc3d-bc46-4d2a-b682-b249e727b85c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-855d3857-7369-4b27-b4e5-4a70419addcd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] highlights that there is scope for improvement in acceptance infrastructure ie ATMs and PoS terminals. Arrow image credit - unsplash

[{"selector":"#anim-81ca8a97-3aba-497c-a28b-53eaac90966c","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce58a773-aaed-4553-8322-b2f780f4fc58","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a0806ac-b608-413a-b69a-36b57f6ed975","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-3d0e4bad-4b6c-4c13-ac94-cd33ba190f18","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8da3fa7-8c87-420e-a0cc-eaf3288f9a62","keyframes":{"opacity":[0,1]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ec5c9f4-21e0-4d12-8026-b13af971c9a0","keyframes":{"transform":["translate3d(-130.68783%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ee840aa-d5fb-494f-9705-233625b5dfdc","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-042b6220-1a14-46af-ae7a-6aaf1b5c2f5c","keyframes":{"transform":["translate3d(-120.27492%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] indian payment sys. RBI SAYS - The learnings from the benchmarking exercise are expected to facilitate further improvements in the payments landscape in India. Arrow image credit - unsplash Learn more

[{"selector":"#anim-2474c755-2a0f-41cc-a6b6-656f407f9c14","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-911633d0-4e41-43fa-b5fe-7fbddca7b187","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6dee2349-e8e5-45d3-a2b6-5cb202b839a1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-2f829885-a73b-4d54-a771-d962604dbd8b","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-733014de-9e16-48ea-a200-eb453c70afc7","keyframes":{"opacity":[0,1]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4c5a658-7e88-4510-a59d-9f586844a971","keyframes":{"transform":["translate3d(-130.68783%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04e628ad-d122-4737-adb3-d405ef251524","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a81abd0d-0d7a-47c8-bb1c-ac23251ca607","keyframes":{"transform":["translate3d(-120.5298%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] indian payment sys. RBI SAYS - The decline in India’s rating in some parameters involving currency in circulation is explained by the increased demand for cash as a store of value during the Covid-19 pandemic related lockdown and the slowdown in economic growth during 2020. Arrow image credit - unsplash

RBI SAYS - The benchmarking exercise was first carried out in 2019 with respect to the position in 2017.

[{"selector":"#anim-a11fc36d-1bf8-4203-b03d-1a6500b045b0","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-259756ae-e09a-474c-90c6-2eb49473d3a1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71f75ed1-a9d2-4b23-866e-dbbce710d4aa","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-dec2ffb0-e8d6-49c7-80d8-b8af0a2b0d7e","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-302bdd76-2f8f-4dcc-845e-6547fa132069","keyframes":{"opacity":[0,1]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a90af03-72df-45a6-a28b-c6f206333849","keyframes":{"transform":["translate3d(-130.68783%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":390,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd4f4f95-4d4c-4ae8-bd44-b89312667e1e","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e647c25-ec9d-445a-a3de-e9dc61aaba7f","keyframes":{"transform":["translate3d(-131.10236%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] indian payment sys. Arrow image credit - unsplash

Other stories

[{"selector":"#anim-b2dfbda0-ddf5-4fbb-af75-f35055ae1aa7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c312621d-db14-4cd1-b635-70a9c059445a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca0b7972-0d08-4f48-baa4-2feb54592cb9","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.08)","offset":0.33},{"transform":"scale(0.992)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":400,"duration":1600,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-df2a69cc-08eb-4505-a7ac-a40d3de6b968","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.08)","offset":0.33},{"transform":"scale(0.992)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":500,"duration":1600,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-ecaff885-01db-4055-89ac-05fc657600fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-164a124e-1635-493b-be72-94ba794f7efe","keyframes":{"transform":["translate3d(-188.66996%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd2213b7-52d4-45a1-9bbb-1e89ff8acf6c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea91481d-45b0-4904-afe2-eef85b44be55","keyframes":{"transform":["translate3d(150.90908%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99781c77-1e9e-45c4-8bef-91272d2b49c2","keyframes":{"transform":["translate3d(-131.37256%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22a50a64-da8c-4c49-bcc2-cd2a9e2d974f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8483a548-63ba-4d28-94a3-6d700f5a4763","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Yellow Round Banner Yellow Round Banner RBI Cancel Licence Of This New Bank 18 June SBI vs HDFC vs ICICI Minimum Account Balance Green Leaf Green Leaf Wavy Line