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RBI’s Digital Payment Initiatives
October 18 , 2025
16 hrs 0 min
20
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- RBI launches four new digital payment initiatives at the Global Fintech Fest.
- The initiatives include artificial intelligence-based Unified Payments Interface help for payment assistance and dispute resolution.
- Internet of Things payments enable transactions from connected devices like cars and smart TVs.
- Banking Connect offers interoperable net banking for seamless payments and merchant onboarding.
- UPI Reserve Pay allows users to manage credit limits securely for specific purposes.
- These measures aim to enhance customer convenience and boost digital payments in India.
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