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flag India's central bank plans to modernize digital payments with new security and interoperability features by 2028.

flag The Reserve Bank of India has introduced its "Payments Vision 2028" to modernize the country's digital payment system over the next three years. flag Key initiatives include a "switch on/off" feature for digital transactions to enhance user control, a shared liability framework to reduce fraud risk, and the introduction of electronic cheques. flag The plan also focuses on improving interoperability across payment systems and strengthening cybersecurity measures.

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