The Reserve Bank of India (RBI) Governor Shaktikanta Das on March 4 announced that the launch of an interoperable payment system for internet banking is expected to occur within the current calendar year. Says Das at the Digital Payments Awareness Week event: “We have given approval for implementing such an interoperable system to NPCI Bharat BillPay Ltd (NBBL). The new system will facilitate quicker settlement of funds for merchants.”