RBI Governor Shaktikanta Das launches UPI for feature phones


RBI Governor Shaktikanta Das launches UPI for feature phones

India’s digital economy has flourished over the past few years and UPI has played a major role in it, the RBI Governor said.

He also said:

–UPI recorded 453 crore transactions worth Rs 8.26 lakh crore in February 2022

–We are well on our way to reach transaction volumes of 100 lakh crore on UPI

–UPI123Pay will broadly 3 steps will take users to stage of completion of transactions

–UPI123Pay makes facilities under UPI accessible to excluded section of society

–UPI123Pay will help achieve financial inclusion initiative

–DigiSaathi a helpline for digital payments with facilities to educate, create awareness

–DigiSaathi will augment efforts in enhancing digital payment awareness

–These solutions have been indigenously developed