RBI launches UPI 123Pay for instant digital payments using feature phones

RBI Governor Shaktikanta Das on Tuesday launched the most awaited UPI facility for feature smartphones.

it allows one to make payments without the internet.

UPI123Pay is about empowering more people to get onboarded digital experience through feature phones.

Using UPI 123PAY, you will require only three-step process to initiate and execute a payment.

RBI governor Shaktikanta Das also said that UPI has played a major role in the adoption of digital payments in India

adding customers will also be able to link bank accounts, set or change UPI PINs

The RBI Governor also launched a 24x7 helpline for digital payments on Tuesday

In that way it is promoting financial inclusion in our economy