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India: Reserve Bank Issues Statement on Regulatory Policy Measures

On April 5, 2018 the Reserve Bank of India (RBI) published a statement to set out various developmental and regulatory policy measures to enhance regulation and supervision, expand and deepen financial markets, improve currency management, promote financial inclusion and literacy, and facilitate data management.

According to the statement, India has considerably developed its payment ecosystem with the emergence of new payment systems, market players and platforms. The government has introduced measures to increase security of payment systems data and implemented standards to reduce risks from data breaches, to maintain growth in digital payments.

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