The Reserve Bank of India (RBI) has launched the ‘Har Payment Digital’ mission during the Digital Payments Awareness Week (DPAW) 2023.
Key points
- The Digital Awareness Week is being held from March 6 to 12, 2023, to promote online transactions.
- During the awareness week, RBI’s regional offices will conduct awareness and outreach programmes as part of the ‘Jan Bhagidari’ events under the Indian G20 presidency.
- Similar initiatives will be undertaken by the bank and non-bank payment system operators.
- The Reserve Bank of India (RBI) has also launched a programme to adopt 75 villages and convert them into digital payment enabled villages.
- Under the initiative, payment system operators (PSOs) will adopt these villages across the country and conduct two camps in each of these villages with an aim to improve awareness and onboard merchants for digital payments.
- The RBI Governor said India’s payment systems have evolved over the years and there are now multiple systems available round the clock facilitating instant payments.
- The payment systems in the country have witnessed over 1000 crore transactions every month since December 2022.
- Talking about the Unified Payments Interface (UPI), which was launched in 2016, the RBI Governor said the volume of UPI transactions has increased multi fold from 0.45 crore in January 2017 to 804 crore in January 2023.
