RBI to introduce new functionality for UPI payments, allowing multiple debits

RBI to introduce new functionality for UPI payments, allowing multiple debits

RBI governor Shaktikanta Das announced an additional function for Unified Payments Interface (UPI) platforms that would allow multiple debits. Mr. Das was effusive in his praise for the digital payment system in his address at the conclusion of the three-day Monetary Policy Committee’s (MPC) meeting. “UPI has emerged as the best payment system anywhere in […]

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