New Delhi, March 28 -- The Reserve Bank of India has unveiled its Payments Vision 2028 document, titled 'Shaping India's Payment Frontier', outlining a strategic roadmap to enhance innovation, security, and efficiency in the country's rapidly expanding digital payments ecosystem.

The vision document sets the course through December 2028, focusing on strengthening existing infrastructure while driving future-ready payment systems that are resilient, inclusive, and technologically advanced.

Focus on Fraud Protection and Consumer Safety

A key proposal includes exploring a 'switch on/off' functionality across all digital payment modes, allowing users to control transaction access similar to existing card controls.

The RBI has also propose...