RBI Governor Shaktikanta Das has urged payment system operators to focus on governance, risk management and cybersecurity to ensure the safety and security of digital payments. He said that the RBI has taken several steps to strengthen the safety and security of digital payments, and urged payment system operators to take similar measures.
He also highlighted the need to ensure fair access to all stakeholders, including consumers, merchants, banks and payment system operators. He said that the RBI was also working on strengthening the regulatory framework for digital payments and was in the process of issuing a new set of regulations for this purpose.