RBI Launches Digital Payment Innovations, Integrating AI and IoT with UPI
By The Economic Times
The RBI has unveiled four digital payment initiatives at the Global Fintech Fest to enhance customer convenience. These include AI-based UPI HELP for payment assistance and dispute resolution, and IoT Payments for transactions from connected devices. Additionally, 'Banking Connect' offers interoperable net banking, and 'UPI Reserve Pay' allows users to manage credit limits for specific purposes.
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