RBI launches 123PAY UPI service for feature phones

Daily Current Affairs / RBI launches 123PAY UPI service for feature phones

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Category : Business and economics Published on: March 10 2022

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Reserve Bank of India Governor Shaktikanta Das launched UPI 123pay.
With the help of this, you will not only need a smartphone to make digital payments, but payments can also be made through feature phones.
The platform will further help the country attain its goal of a cashless economy, as per RBI.
The new service will alone help the 40 crore feature phone users in India to access the payment service, as per the Governor.

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RBI launches 123PAY UPI service for feature phones