NPCI Unveils UPI 'Tap & Pay' and MyUPI; Sebi Launches Corporate Bonds Tokenisation
- Securities and Exchange Board of India launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds enabling instant atomic settlement connected to RBI's wholesale CBDC via Unified Market Interface, enhancing transaction efficiency and reducing errors in securities markets.
- National Payments Corporation of India introduced two new UPI features at the Global Fintech Fest: UPI 'Tap & Pay', enabling contactless payments on NFC-enabled POS terminals without requiring mobile internet, and MyUPI, an AI-powered customer support platform built on NPCI's Small Language Model FiMI.
13 Articles
13 Articles
RBI unveils two new features: UPI gets tap-and-pay, AI support
At the Global Fintech Fest 2026, RBI announced UPI Tap and Pay and the AI-powered MyUPI platform. The move targets faster in-store payments and greater user control over support, fraud and disputes.
India central bank, markets regulator launch tokenization pilot for corporate bonds and digital settlement
India's tokenization pilot could revolutionize financial markets by enhancing transaction efficiency, broadening investor access, and strengthening global finance.
NPCI Launches UPI Tap & Pay, MyUPI With NFC Payments and AI-Powered Tools
NPCI has introduced two new services designed to change how users make and manage UPI payments. UPI Tap & Pay uses NFC to let customers pay through compatible POS terminals, with transactions relying on the terminal's internet connection. MyUPI expands UPI Help with AI-based features covering payment records, AutoPay mandates, beneficiary information, transaction disputes and payment controls. The service will also support transaction repetition…
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