HomeNewsBankingReserve Bank of India proposes conversational payments on UPI using AI

Reserve Bank of India proposes conversational payments on UPI using AI

Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the central bank’s monetary policy committee has kept the repo rate unchanged. RBI also proposed to use conversational payments on a unified payments interface (UPI) through artificial intelligence (AI).

  • The conversational UPI payment facility will initially be available in Hindi and English.
  • Later, it will be made available in more Indian languages subsequently.

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