Har Payment Digital (HPD) mission : RBI

Share with Your Friends

“Har Payment Digital” (HPD) mission: RBI

The central bank will launch “Har Payment Digital” (HPD) mission that would run till the period of Vision 2025, with an intention to convert the non-users into users of digital payments. Vision 2025 has its theme as “E-Payments for Everyone, Everywhere and Everytime”

  • RBI in collaboration with the banks and other stakeholders of the payment systems will carry out a multimodal campaign covering print, television, radio and social media during the week around the theme — “Adopt digital payments and Teach others also” Digital Awareness Week is being organized from 6th to 12th March 2023 to promote online transactions.
  • During the Awareness Week, the Regional Offices of RBI are conducting awareness and outreach programs as part of the ‘Jan Bhagidari’ programs under the Indian G20 Chairmanship.
  • Similar initiatives will be taken by bank and non-bank payment system operators. The Reserve Bank of India (RBI) has launched a program to adopt 75 villages and convert them into digital payment enabled villages.
  • Under this initiative, Payment System Operators (PSOs) will adopt these villages across the country and organize two camps in each of these villages with an aim to increase awareness and engage merchants for digital payments.
  • The RBI Governor said that India’s payment systems have evolved over the years and now there are many systems available to facilitate instant payments round the clock.
  • Payment systems in the country have done more than 1000 crore transactions every month since December 2022.
  • Talking about the Unified Payments Interface (UPI), which was launched in 2016, the RBI governor said that the UPI transaction volume is expected to increase from 0.45 crore in January 2017 to 804 crore in January 2023.

Source – Indian Express

Download Our App

More Current Affairs

Was this article helpful?
YesNo

Leave a Comment

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

March 2023
M T W T F S S
« Feb    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Hi, there

Welcome to Youth Destination IAS

We have a perfect gift For you:
Open Access to the Youth Destination Library

THANK YOU