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    <title>Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the Inauguration of Digital Payments Awareness Week 2025, March 10, 2025, RBI, Mumbai</title>
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    <description>The Reserve Bank articulates a policy of soft-touch regulation to foster innovation across a range of digital payment instruments while maintaining safety through measures such as multi-factor authentication, card tokenisation, e-mandate controls and consultations on alternative authentication. The RBI&#039;s forward agenda focuses on three priorities: sustaining innovation under proportionate regulatory guardrails; expanding awareness and adoption via the Har Payment Digital mission and regional programs; and improving cross-border retail payments by linking UPI with other fast payment systems and engaging in multilateral projects to reduce cost, increase speed, and enhance transparency.</description>
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