RBI will introduce a capability to the UPI platform to facilitate online commerce and investment.
The Reserve Bank of India (RBI) has announced that it will introduce a capability to the Unified Payments Interface (UPI) platform to facilitate online commerce and investment. This move is in line with the RBI’s goal of promoting digital payments in the country.
The new capability will allow UPI users to make online payments for goods and services, as well as investments in financial instruments. This will be a big boost for e-commerce and online investment in India, which are both growing rapidly.
The RBI has been working on this new capability for some time, and it is now ready to be launched. It is expected to go live within the next few weeks.
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