I understand the RBI also tried to give a push to digital banking via the credit policy announced in February?

Yes, you are right that the RBI, in order to give a boost to digital banking has been decided to allow regional rural banks (RRBs), like other commercial banks, to act as merchant acquiring banks, using Aadhaar Pay – BHIM app and POS terminals. In addition, the Reserve Bank has also put in place a framework for establishing a Self-Regulatory Organisation (SRO) for digital payment system by April 2020. This will foster best practices on security, customer protection and pricing, among others. In addition, the RBI has also planned the launch of a Digital Payment Index that will regularly track the adoption of digital payment methods on an all India basis and capture the same in the form of a comprehensive number.