RBI mulling e-cheques, widening regulatory ambit to include digital payment cos
The Reserve Bank on Friday introduced the 'Payments Vision 2028' document, announcing various initiatives like introducing electronic cheques and also widening the regulatory ambit to include entities such as e-commerce companies.
The Reserve Bank on Friday introduced the 'Payments Vision 2028' document, announcing various initiatives like introducing electronic cheques and also widening the regulatory ambit to include entities such as e-commerce companies.
A facility for the remitter to enable or disable transactions on any digital payment mode, similar to card transactions, is also on the anvil.
Introducing a "shared responsibility framework" would also be explored under which both the customer's bank (issuer) and the beneficiary's bank jointly bear the liability arising from unauthorised digital payment transactions, the document said.
