The list includes: (i)  Implementing a new and feature rich RTGS system  (ii)  A domestic card scheme for the country  (iii)  Redesigning ECS to function as a true Automated Clearing House (ACH) for bulk transactions  We are on track to achieving the milestones. What next?
First we need to ensure the transition from cash dominant economy to predominantly noncash dominant economy. Further, non cash transactions should be predominantly in electronic mode. Second payment systems need to reach out to unbanked population. Payment system should achieve a certain degree of ubiquity in the sense access to payment systems should be simple, easy, convenient, cost effective for the “aam admi”.