<h1>India's Digital Payments Reforms: Independent Regulation, 24/7 Systems, and Enhanced Competition Proposed by Committee.</h1> The Committee on Digital Payments recommends significant reforms to strengthen India's digital payments ecosystem. Key proposals include making payment regulation independent from central banking by establishing a Payments Regulatory Board within the RBI, updating the Payments and Settlement Systems Act, 2007 to enhance competition and consumer protection, and promoting digital transactions within government services. Additional suggestions involve creating a fund from cashless transaction savings, encouraging digital payment adoption through incentives, and allowing non-bank payment service providers direct access to payment systems. The RBI is urged to upgrade payment systems for 24/7 operation and enable interoperability between banks and non-banks.