All these retail payment systems have resulted in the Keynote Address by Shri B. P. Kanungo, Deputy Governor, Reserve Bank of India, at the NPCI National Payments Excellence Awards function, Mumbai, on May 29, 2018. Inputs received from the Department of Payment & Settlement Systems are acknowledged. availability of a wide choice for the common man and more importantly, at reasonable rates.
Excellence in Retail Payments 7. Retail payments have grown by nearly 45 per cent in volume and 30 per cent by value during 2017-18. Retail payment systems in India are characterised by large volumes and this makes it necessary that the systems are available whenever and wherever they are required.