New Delhi, December 9:
RBI Governor Shaktikanta Das has announced to launch digital payment systems for feature phones. This means that the central bank will now allow Unified Payments Interface-based (UPI) products to be available on feature phones, and make an internet-free UPI payments system possible in the near future.
Das made the announcement during the address about decisions made during the bi-monthly Monetary Policy Committee (MPC) meet. Shaktikanta Das proposed 3 measures to make UPI payments simpler for consumers across India.