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MUMBAI: RBI governor Shaktikanta Das has requested banks and payment system operators to considerably improve and modernise the capability of their system as every day transactions below the unified payment interface (UPI) are doubtless to hit 100 crore quickly.
“Currently there are 26 crore transactions per day in UPI and the system has capacity to handle 100 crore per day. So, system is there to onboard new customers. NPCI is running three systems parallelly so that if there is a problem in one the others are in operation,” stated Das, whereas addressing digital payment consciousness week in RBI.
Launching the ‘Har Payment Digital’ mission, Das stated RBI will provoke a ’75 Digital Villages’ programme in observance of 75 years of Independence. Under this programme, Payment System Operators (PSOs) will undertake 75 villages throughout the nation and convert them into digital payment-enabled villages.
The governor stated the central financial institution has launched campaigns to enhance consciousness amongst customers to not share confidential data. On the spike in variety of fraudulent messages looking for KYC updation, Das stated there was a sample in these frauds. “Usually, there is an increase in these fraudulent messages whenever there is a festival when attention is low,” stated Das. He added that RBI was working to authorities to act in opposition to the fraudsters.
“The mission “Har Payment Digital” is aimed at reinforcing ease and convenience of digital payments and facilitating onboarding of new consumers into digital fold. Various campaigns highlighting digital payment channels available are being planned by banks and non-bank payment system operators.”
“Currently there are 26 crore transactions per day in UPI and the system has capacity to handle 100 crore per day. So, system is there to onboard new customers. NPCI is running three systems parallelly so that if there is a problem in one the others are in operation,” stated Das, whereas addressing digital payment consciousness week in RBI.
Launching the ‘Har Payment Digital’ mission, Das stated RBI will provoke a ’75 Digital Villages’ programme in observance of 75 years of Independence. Under this programme, Payment System Operators (PSOs) will undertake 75 villages throughout the nation and convert them into digital payment-enabled villages.
The governor stated the central financial institution has launched campaigns to enhance consciousness amongst customers to not share confidential data. On the spike in variety of fraudulent messages looking for KYC updation, Das stated there was a sample in these frauds. “Usually, there is an increase in these fraudulent messages whenever there is a festival when attention is low,” stated Das. He added that RBI was working to authorities to act in opposition to the fraudsters.
“The mission “Har Payment Digital” is aimed at reinforcing ease and convenience of digital payments and facilitating onboarding of new consumers into digital fold. Various campaigns highlighting digital payment channels available are being planned by banks and non-bank payment system operators.”
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