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MUMBAI: RBI governor Shaktikanta Das has asked banks and payment system operators to significantly enhance and modernise the capacity of their system as daily transactions under the unified payment interface (UPI) are likely to hit 100 crore soon.
“Currently there are 26 crore transactions per day in UPI and the system has capacity to handle 100 crore per day. So, system is there to onboard new customers. NPCI is running three systems parallelly so that if there is a problem in one the others are in operation,” said Das, while addressing digital payment awareness week in RBI.
Launching the ‘Har Payment Digital’ mission, Das said RBI will initiate a ’75 Digital Villages’ programme in observance of 75 years of Independence. Under this programme, Payment System Operators (PSOs) will adopt 75 villages across the country and convert them into digital payment-enabled villages.
The governor said the central bank has launched campaigns to increase awareness among users to not share confidential information. On the spike in number of fraudulent messages seeking KYC updation, Das said there was a pattern in these frauds. “Usually, there is an increase in these fraudulent messages whenever there is a festival when attention is low,” said Das. He added that RBI was working to authorities to act against the fraudsters.
“The mission “Har Payment Digital” is aimed at reinforcing ease and convenience of digital payments and facilitating onboarding of new consumers into digital fold. Various campaigns highlighting digital payment channels available are being planned by banks and non-bank payment system operators.”
“Currently there are 26 crore transactions per day in UPI and the system has capacity to handle 100 crore per day. So, system is there to onboard new customers. NPCI is running three systems parallelly so that if there is a problem in one the others are in operation,” said Das, while addressing digital payment awareness week in RBI.
Launching the ‘Har Payment Digital’ mission, Das said RBI will initiate a ’75 Digital Villages’ programme in observance of 75 years of Independence. Under this programme, Payment System Operators (PSOs) will adopt 75 villages across the country and convert them into digital payment-enabled villages.
The governor said the central bank has launched campaigns to increase awareness among users to not share confidential information. On the spike in number of fraudulent messages seeking KYC updation, Das said there was a pattern in these frauds. “Usually, there is an increase in these fraudulent messages whenever there is a festival when attention is low,” said Das. He added that RBI was working to authorities to act against the fraudsters.
“The mission “Har Payment Digital” is aimed at reinforcing ease and convenience of digital payments and facilitating onboarding of new consumers into digital fold. Various campaigns highlighting digital payment channels available are being planned by banks and non-bank payment system operators.”
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