RBI’s ‘Payments Vision 2028’ Ushers Structural Re‑Design of Ecosystem

Deccan Herald

"The vision document...seeks to build an open and interoperable card ecosystem with emphasis on merchant choice, smart tokenisation and orchestration, and transparent pricing. The vision document calls for innovation in card payments. This creates policy space for continued development of tokenised payment models, contactless and embedded experiences, stronger authentication and fraud controls and card-linked innovation aligned with security, inclusion, and efficiency objectives."