RBI Governor Launches 3 key Digital Payment Initiatives at Global Fintech Fest 2022

RBI Governor Launches 3 key Digital Payment Initiatives at Global Fintech Fest 2022

• The Reserve Bank of India (RBI) Governor, Shaktikanta Das, launched three key digital payment initiatives at the Global Fintech Fest 2022. The three digital payment initiatives that were launched by the RBI are RuPay Credit Card on Unified Payments Interface (UPI), UPI Lite, and Bharat BillPay Cross-Border Bill Payments.
• UPI Lite will provide users with a convenient solution for faster and simpler low-value transactions, the National Payments Corp Of India (NPCI) said in a statement. Currently, India has been using the Unified Payments Interface (UPI) for low-value payments with 50 per cent of transactions through UPI below ₹200.

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Published date : 22 Sep 2022 05:16PM