Rashmi
Quick Summary
India has seen significant growth in the use of digital payments over the past few years. However, there is still a significant portion of the population that is not using digital payments for day-to-day transactions. In an effort to bridge this gap, Reserve Bank of India (RBI) governor Shaktikanta
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FAQ :
The 'Har Payment Digital' mission is an initiative launched by the Reserve Bank of India (RBI) with the goal of making every citizen in India a user of digital payments.
According to an RBI survey, 42% of respondents had used digital payments, 35% were aware but didn't use them, and 23% were unaware of digital payments.
The theme for this year's Digital Payments Awareness Week is 'Adopt digital payments and Teach others also'.
The 'Har Payment Digital' mission will run until the period of Vision 2025.
The RBI will conduct multimodal campaigns across print, television, radio, and social media, organise 'Jan Bhagidari' programmes, and partner with agencies to adopt villages and teach residents about digital payments.
The benefits of digital payments include being fast, convenient, secure, eliminating the need for cash transactions, allowing easy tracking of transactions, and providing an opportunity for financial inclusion.
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