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RBI launches 123PAY UPI service for feature phones

Category : Business and economics
Published on: March 10 2022 Share on facebook

  • 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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