Search
Digital credit to be rolled out this year
February 10, 2023
“This year we will be rolling out digital credit and NPCI will take a big lead in that over a period of next 10-12 months. A good construct of digital credit will be created,” Vaishnaw said.
At the event, the Ministry of Electronics and IT (MeitY) unveiled a prototype of voice-based payment system for UPI.
The minister said people will soon be able to make payments by speaking on the phone in their local language.
He said the service will be available in 18 Indian languages.
Speaking at the event, MeitY Secretary Alkesh Kumar Sharma said now UPI should become a global payments product for which the National Payments Corporation of India (NPCI) has already started partnering with Nepal, Singapore, Bhutan, UK and the UAE where the UPI model is being promoted.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://tscfm.org/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/