‘Benchmarking India’s Payment Systems’ report

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  • The report on ‘Benchmarking India’s Payment Systems’ was released by RBI on 4 June 2019.
  • The report says India has a strong regulatory system and retail payment systems but more efforts are needed to bring down the volume of the paper clearing.
  • The country is ‘strong’ in areas like having necessary laws and cash in circulation per capita.
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