Mumbai, Jan. 5 -- The first meeting of the Payments Regulatory Board (PRB) was held in Mumbai under the Chairmanship of Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday.

The Board reviewed the functions of the Department of Payment and Settlement Systems, and current focus areas covering both domestic and global payment systems. The draft Payments Vision 2028 was presented, and Members gave strategic guidance to ensure the continued development of India's payment ecosystem, RBI said in a statement.

A presentation on the major findings of the Survey on Digital Payments, recently conducted by RBI, was also made.

It may be recalled that PRB was constituted consequent to an amendment in the Payment and Settlement Systems Act,...