This Seminar is part of the initiatives of RBI for capacity building in this critical area. 2  BIS central bankers’ speeches  Challenges in Retail Payment Systems The Retail Payment Systems today is dominated by continuous innovations aided by breakthroughs in technology.
It has brought immense benefits in terms of new products and delivery channels and at the same time, they have engendered concerns for the regulators across the globe. Such innovations in the retail payment landscape have thrown challenges to regulators in the following key areas: i.