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Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services

Titled "Payments Vision 2025", this document aims to provide every user safe and affordable e-payment options

Photo: Bloomberg
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Photo: Bloomberg

Subrata Panda Mumbai
The Reserve Bank of India (RBI) on Friday, in a document for payments systems, outlined its vision on the architecture of digital finance.
 
They include regulations for BigTechs and fintechs in payments; guidelines on payments involving “Buy Now Pay Later” (BNPL) services; introducing the central bank digital currency (CBDC); and linking credit cards and credit components of banking products to the Unified Payments Interface (UPI).
 
Titled “Payments Vision 2025”, this document aims to provide every user safe and affordable e-payment options. The activities to be taken up by the central bank up to 2025 have been captured across

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First Published: Jun 17 2022 | 8:44 PM IST

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