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Illustration: 123Pay. Reserve Bank Of India Launches Upi-Based Payment For Feature Phones.

ID 242984747 © Ssinghmrt99 | Megapixl.com

Reserve Bank of India (RBI) has launched a new UPI service, 123PAY, that is aimed to help almost 40 crore feature phone users in the country. The new feature was announced by RBI governor, Shaktikanta Das. Till now, UPI payments were only possible through payment applications on smartphones and USSD-based service for feature phones. But as per deputy governor T Rabi Shankar the latter has been found to be cumbersome due to the unavailability of the services on several mobile networks.

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123pay. Reserve Bank of India launches UPI-based payment for feature phones.

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text number reserve bank india launches upi-based payment feature background banking design financial interface mobile platform unified upi rbi 123 launched service aimed help phone country payments applications smartphones ussd-based found 123pay 123pay

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