Correct Answer: Reserve Bank of India

Solution : The correct answer is the Reserve Bank of India.

The Reserve Bank of India (RBI) has recently unveiled its "Payments Vision 2025," aligning with India's initiatives and G-20 focus on improving cross-border payments. The vision addresses key challenges such as cost, speed, access, and transparency. Notably, it emphasizes the ring-fencing of domestic payment systems to mitigate emerging geopolitical risks by mandating domestic processing of payment transactions. The overarching theme is 'E-Payments for Everyone, Everywhere, Everytime' (4Es), aiming to offer secure, fast, convenient, and affordable e-payment options to all users.