Address by Governor, Reserve Bank of India at the Digital Payments Awareness Week celebrations

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Summary:

The Reserve Bank of India (RBI) celebrates the Digital Payments Awareness Week, highlighting the significant growth of digital payments in India. The country has seen a 90-fold increase in retail digital payments over 12 years, with India accounting for nearly 46% of the world's digital transactions. The RBI's flagship payment system, UPI, has become the most popular fast payment system globally, with a share of 80% in digital payments. The RBI aims to promote digital payments, security, and awareness through various initiatives, including the "Har Payment Digital"" mission