The Reserve Bank of India will start publishing daily data of select payment systems. The banking regulator has decided to reveal volumes and values of transaction.
RBI’s NEFT & RTGS whereas National Payments Corporation of India’s AePS, NACH, CTS, IMPS & UPI as well as the cash withdrawal transactions using ATMs and Business Correspondents (BCs) will be a part of the daily data publish plan.
The central bank stated, “The data relating to transactions undertaken during the day will be published on the subsequent working day. Data relating to cards will be published once the daily reporting systems are in place.”
Currently the payment systems data were announced on the monthly as part of the RBI bulletin. RBI in a release said that, “This initiative to disseminate payment systems activities data on a daily frequency is expected to facilitate better research and also contribute to innovations in payment systems. The monthly publication in RBI Bulletin will continue as hitherto.”