Reserve Bank of India Invites Applications for Innovative Payment Solutions
India’s central bank The Reserve Bank of India has invited applications for “Payment System Innovation Awards” to encourage innovative solutions in the field of Payment and Settlement System. With this initiative, the RBI is hoping to transform the way transactions are processed in the world’s fastest growing emerging economy. Some broad areas which the contest will hope to cover are: Payment security including fraud prevention. Customer convenience and cost reduction. Mobile payments. Acceptance/electronic payment infrastructure. Use of emerging technologies for payments. The Institute....
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