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Reserve Bank of India publishes 'Payments Vision 2028'

RBI publishes 'Payments Vision 2028' roadmap

India · APAC Regulatory / Market Development
✓ Source Verified Confidence: HIGH Content: Reviewed by GPIR CURRENT
Event Type
Policy Framework
Published
2026-03-27
GPIR Refresh Cycle
MANUAL
Publication Status
CURRENT

GPIR Summary

The RBI published its 'Payments Vision 2028' roadmap, themed 'Shaping India's Payment Frontier', setting out initiatives through December 2028 including an interoperability framework for Trade Receivables Discounting Systems, a universal on/off switch for digital payment instruments, and streamlined cross-border payment authorisation under the Payment and Settlement Systems Act and FEMA.

Why It Matters

As RBI's successor to earlier Payments Vision documents, this sets regulatory direction for India's digital payments ecosystem through 2028, including how cross-border payment authorisation will be streamlined.

Source

Source
Reserve Bank of India (RBI)
Publication
Payments Vision 2028 — Press Release 2025-2026/2339
Published
27 March 2026
Retrieved
14 August 2026
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