<p>The NPCI on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions.</p>.<p>Reserve Bank of India (RBI) Governor Shaktikanta Das announced the launch of the products by the National Payments Corporation of India (NPCI) at the ongoing Global Fintech Festival here.</p>.<p>One of the products is Hello! UPI that will enable users to make voice-enabled UPI payments via apps, telecom calls, and IoT devices in Hindi and English. It will soon be available in several other regional languages also.</p>.RBI asks FinTechs to set up self-regulatory body.<p> NPCI said the credit line on UPI facility will enable customers access pre-sanctioned credit from banks via UPI.</p>.<p> Separately, users will be able to send and receive money offline using the other product, LITE X product.</p>.<p> Further, the UPI Tap & Pay facility, in addition to the conventional scan-and-pay method, will allow customers to simply tap Near Field Communication- (NFC-) enabled QR codes at merchant locations to complete their payments.</p>.<p> The products are aimed at creating an inclusive, resilient, and sustainable digital payments ecosystem and help UPI achieve the target of 100 billion transaction per month, according to the NPCI.</p>.<p> NPCI Advisor and Non-Executive Chairman of Infosys Nandan Nilekani, and NPCI Non-Executive Chairman Biswamohan Mahapatra were also present at the launch.</p>.<p> Nilekani termed the NPCI as a 'crown jewel' in the Indian technology landscape.</p>.<p> To ensure seamless interoperability, all UPI apps, including bank and third-party apps, will be able to discover and link credit lines on UPI, and provide end-to-end customer lifecycle services, NPCI said. </p>
<p>The NPCI on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions.</p>.<p>Reserve Bank of India (RBI) Governor Shaktikanta Das announced the launch of the products by the National Payments Corporation of India (NPCI) at the ongoing Global Fintech Festival here.</p>.<p>One of the products is Hello! UPI that will enable users to make voice-enabled UPI payments via apps, telecom calls, and IoT devices in Hindi and English. It will soon be available in several other regional languages also.</p>.RBI asks FinTechs to set up self-regulatory body.<p> NPCI said the credit line on UPI facility will enable customers access pre-sanctioned credit from banks via UPI.</p>.<p> Separately, users will be able to send and receive money offline using the other product, LITE X product.</p>.<p> Further, the UPI Tap & Pay facility, in addition to the conventional scan-and-pay method, will allow customers to simply tap Near Field Communication- (NFC-) enabled QR codes at merchant locations to complete their payments.</p>.<p> The products are aimed at creating an inclusive, resilient, and sustainable digital payments ecosystem and help UPI achieve the target of 100 billion transaction per month, according to the NPCI.</p>.<p> NPCI Advisor and Non-Executive Chairman of Infosys Nandan Nilekani, and NPCI Non-Executive Chairman Biswamohan Mahapatra were also present at the launch.</p>.<p> Nilekani termed the NPCI as a 'crown jewel' in the Indian technology landscape.</p>.<p> To ensure seamless interoperability, all UPI apps, including bank and third-party apps, will be able to discover and link credit lines on UPI, and provide end-to-end customer lifecycle services, NPCI said. </p>