•  The second factor authentication for the ‘card not present’ transaction, the first of its kind in the world, introduced by RBI (February 2009.) •  Launch of RuPay – a domestic card payment network (March 2012)  7.
Let me also give you a sense of the manner in which the volume and value of payment system transactions have gone up in recent years. In volume terms, the no. of transactions handled in the RTGS has gone up to 92.77 mn as at the end of March 2015 from 68.51 mn as at the end of March 2013.