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Topic: [2015-12-24]Reserve Bank of India Invites Applications for Innovative Payment... (Read 287 times)

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The bitcoin can contribute to all 5 areas proposed by Bank of India. With the increase of block size, the customer cost will reduce further.
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India’s central bank The Reserve Bank of India has invited applications for “Payment System Innovation Awards” to encourage innovative solutions in the field of Payment and Settlement System. With this initiative, the RBI is hoping to transform the way transactions are processed in the world’s fastest growing emerging economy.

Some broad areas which the contest will hope to cover are:

    Payment security including fraud prevention
    Customer convenience and cost reduction
    Mobile payments
    Acceptance/electronic payment infrastructure
    Use of emerging technologies for payments

http://www.newsbtc.com/2015/12/24/reserve-bank-of-india-invites-applications-for-innovative-payment-and-settlement-solutions/
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