As announced in the Statement on Developmental and Regulatory
Policies released with the bi-monthly Monetary Policy Statement 2021-22 on October
08, 2021, the Reserve Bank of India (RBI) has released the Framework for
geo-tagging of payment system touch points.
RBI is focused on deepening of digital payments and providing inclusive access to
all citizens of the country. To achieve this objective, it is imperative that robust
payment acceptance infrastructure is available and accessible across the length and
breadth of the country. Geo-tagging of payment system touch points will enable
proper monitoring of availability of payment acceptance infrastructure like Points of
Sale (PoS) terminals, Quick Response (QR) codes, etc. In turn, such monitoring will
support policy intervention to optimise distribution of payment infrastructure.