Скачать или смотреть RBI Launches UPI Service For Feature Phones | 123Pay Works Without Internet

The Reserve Bank of India (RBI) today launched a new service to bring the security and reliability of UPI payments to 40 crores Indians. Dubbed as 123Pay UPI, the service enables users to make UPI payments on their feature phones. You don’t need a smartphone to set the UPI PIN or an active internet connection to make payments. This aims to boost the Digital India movement and help out underprivileged citizens who could not access the UPI system in the country before. Check out the details below to learn more about the 123Pay service in India.

123Pay was recently announced in an official launch event. RBI Governor Shaktikanta Das cited the advantages and the rising usage of UPI payments and stated how it is exclusive to smartphone users. According to estimates, around 40 crore Indians possess feature phones like those from Nokia and Dizo. And they could not use the UPI payment system to send or receive money until today.

The 123Pay UPI service aims to change that and bring a simple way for feature phone users to access UPI-related services like money transfer, gas refill, fast tag rechargers, and others. The RBI created a server-side common library to support the service and allow feature phones to use the UPI system without the internet. Furthermore, the service is available in various regional languages to cater to citizens in every part of the country.

Information Credit/Source - https://beebom.com/rbi-launches-upi-p...
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