CURRENT AFFAIRS : BANKING & FINANCE
RBI and NPCI Introduce Credit Lines for UPI and Conversational Payments
- Reserve Bank of India (RBI) Governor Shaktikanta Das has launched several new digital payment products including Credit Line on UPI, UPI LITE X, Tap & Pay, Hello! UPI, and Conversational Bill Payments by National Payments Corporation of India (NPCI) during the Global Fintech Festival.·
Aim :
- To create an inclusive, resilient, and sustainable digital payments ecosystem in India.
- The goal is to help UPI (Unified Payments Interface) achieve a target of processing 100 billion transactions per month.
