PREVIOUS
✖
RBI Payments Vision 2028
April 1 , 2026
12 hrs 0 min
13
0
- The Reserve Bank of India released Payments Vision 2028, focusing on bank account portability.
- It allows customers to change bank accounts easily without affecting linked services like salary, EMI and bills.
- The RBI has proposed PaSS (Payments Switching Service) to transfer all payment instructions from one bank to another.
- It aims to reduce the “stickiness” of accounts and increase customer choice and competition among banks.
- The vision also focuses on faster and cheaper cross-border payments as per G20 goals.
Leave a Reply
Your Comment is awaiting moderation.