India’s Yes Bank has announced that it has integrated the country’s UPI payment system with its central bank digital currency through an app.
The Reserve Bank of India central bank digital currency , the digital rupee, will have enhanced usability, Yes BankAug. 30. This was thanks to Yes Bank’s integration of the Unified Payments Interface with the RBI digital rupee app. Now Yes Bank account holders will be able to make transactions with the digital rupee by scanning UPI QR codes.
The UPI is a national payment portal operated by the National Payments Corporation of India , a division of the RBI. The NPCI provides the infrastructure for both the UPI and the digital rupee. The UPI is used by 150 million merchants in India,We are pleased to share that YES BANK has gone live with Unified Payments Interface interoperability on the Reserve Bank of India Central Bank Digital Currency app.
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