Wednesday, 16 August, 2023

RBI Plans AI-Powered UPI Payments via Conversations

The Reserve Bank of India (RBI) is gearing up to enable Unified Payments Interface (UPI) transactions through AI-driven conversations. This initiative aims to streamline and simplify digital payments, allowing users to make UPI transactions via chatbots and virtual assistants. By integrating AI into UPI payments, the RBI seeks to enhance the user experience, promoting more convenient and efficient digital financial transactions across the country.