Source: The post is based on the article “RBI initiates 75 digital villages programme” published in the Indian Express on 7th March 2023.
What is the News?
The Reserve Bank of India (RBI) has launched the ‘Har Payment Digital’ mission during Digital Payments Awareness Week (DPAW) 2023.
About Har Payment Digital Mission
Under this, the payment system operators (PSOs) will adopt 75 villages across the country and conduct two camps in each of these villages. This is to convert them into digital payment-enabled villages in observance of 75 years of independence.
Note: PSOs (currently there are 67 PSOs) are entities authorised by RBI to set up and operate a payment system.
Aim: To improve awareness and onboard merchants for digital payments.
Significance: The Har Payment Digital campaign aims at reinforcing the ease and convenience of digital payments and facilitating the onboarding of new consumers into the digital fold.