<h1>RBI Deputy Governor Highlights India's Payment System Evolution, Emphasizes Security and Innovation at International Conference.</h1> The Deputy Governor of the Reserve Bank of India discussed the evolution and future of India's payment systems at an international conference. He highlighted the importance of secure payment systems for financial stability and economic growth. The speech reviewed India's advancements, such as MICR clearing, electronic funds transfer, and the introduction of RuPay. The PMJDY scheme successfully linked millions to the banking system, necessitating robust payment infrastructure. The National Payments Corporation of India (NPCI) has significantly enhanced the retail payments landscape. Challenges include embracing mobile payments and addressing regulatory issues. The conference aimed to share insights and foster innovation in payment systems.