UPI 2.0 launched. Here are its key features2 min read 16 Aug 2018, 03:51 PM IST
A new feature of UPI could be used where money has to be transferred later by providing commitment at present. Customers can pre-authorise a transaction and pay at a later date
New Delhi: After a delay of several months, an upgraded version of the Unified Payments Interface (UPI), UPI 2.0, was launched today. The launch took place in Mumbai with select members from National Payments Corporation of India (NPCI), banks and the Reserve Bank of India . RBI governor Urjit Patel, State Bank of India (SBI) chairman Rajnish Kumar and Nandan Nilekani, the non-executive chairman of Infosys who is also the innovation advisor at NPCI , formally launched the product.