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RBI updates its regulatory sandbox framework

RBI updates its regulatory sandbox framework
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rbi: Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official

"What is needed for the sustainable development and growth of the fintech ecosystem is the right thrust on customer-centricity and better governance standards. These can be achieved by balancing the needs of tomorrow with the wants of today," Ajay Chaudhary, an executive director who heads the fintech department at the Reserve Bank of India, said.

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RBI s groundbreaking solutions: 4 ways CBDC transactions can mirror cash anonymity

RBI Chief General Manger Suvendu Pati says though the regulator is working on at providing anonymity at the transaction level, the custodian or banks will have wallet-level information, especially CBDC balances

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UPI has become the backbone of digital payments in India: RBI Governor Shaktikanta Das at G20 TechSprint

UPI has become the backbone of digital payments in India: RBI Governor Shaktikanta Das at G20 TechSprint
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Digital Payments: UPI has become the backbone of digital payments in India: RBI Governor Shaktikanta Das at G20 TechSprint

The Unified Payments Interface (UPI) has played a significant role in driving financial inclusion in India by bringing unbanked individuals into the formal financial system, according to RBI Governor Shaktikanta Das. He highlighted that the total number of transactions on the UPI platform exceeded 10 billion in August 2023, making it the backbone of digital payments in India.

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