The Reserve Bank of India has been at the forefront for facilitating a broad-based economic recovery from the pandemic. As the RBI would have noted, while there are signs of revival, we are not yet out of the woods. The pandemic has accelerated the push towards digitalisation, with greater adoption of digital payments, which can act as a lever for ‘inclusive’ and ‘equitable’ development, which has been so astutely articulated as RBI’s vision. India is racing towards achieving the goal of recording digital transactions worth Rs 7 lakh crore by 2025, powered by automatic recurring payments of utility, education, savings, investment, food and beverage, e-commerce, and other subscription services. These form the bedrock of unlocking the opportunity to democratise credit, insurance, wealth management and other financial services, and design customised products to effectively serve the poorest.