Connect with us

India

UPI for Feature Phones from RBI

Published

on

On Tuesday, the Reserve Bank of India (RBI) announced UPI123Pay, a new digital payment option for feature phones based on the Unified Payments Interface (UPI). The UPI system has so far been restricted to smartphones with internet access. India’s mobile phone population is estimated to be at 180 million. 78 crore of these people have smartphones, while the remaining 78 crores have feature phones. Due to the phone they use, tens of thousands of users have been unable to do UPI transactions. The central bank of India introduced this new payment mechanism to incorporate all such users and bring them into the mainstream of digital payments.

“UPI123Pay would enable NPCI to accomplish its goal of a billion or more daily UPI transactions,” said Biswamohan Mahapatra, head of the National Payments Corporation of India (NPCI), the country’s umbrella organization for retail digital payments.

Working of UPI on Feature Phones?

Users will be able to conduct UPI transactions on feature phones using UPI 123Pay. Except for the scan and pay UPI option available for smartphones, consumers will be able to use all other functionalities. Transactions with the new digital payment mode don’t require an internet connection. To utilize the UPI 123Pay service, people must link their bank accounts to their feature phones. People with feature phones can now use the UPI 123Pay option for a variety of payments, from person to person to the merchant. UPI 123Pay would employ Hindi and English as their primary languages at first.

“We feel that the novel functions available on feature phones would give UPI a boost in many geographies across the country, transforming the way payments are perceived,” Mahapatra said.

UPI: India’s Most Popular Payment Method

In recent years, UPI has become one of India’s most popular payment methods. UPI is the country’s single largest retail payment system in terms of transaction volume.

“A substantial portion of digitalization is limited to people with smartphones, notwithstanding our tremendous growth in digital payments.” “About 40 crore feature phone users had limited access to digital payments,” said T Rabi Sankar, deputy governor of the Reserve Bank of India. He stated that the goal is to attract a significant number of feature phone users into the UPI payment system.

“To further popularise the usage of digital payments, a framework for retail offline payments across the country has been proposed.” This announcement has its roots in a series of successful pilot studies. The results of these experiments strongly suggest that there is more leeway for digital payment-related solutions, particularly in rural areas. According to Nitin Mathur, CEO of Tavaga Advisory Services, “the RBI is enthusiastic about expanding the ease of doing business in India as well as more innovative fintech prospects to capitalize on” as a result of this development.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

ISKCON Navi Mumbai to Launch 7-Lakh Bhagavad Gita Distribution Drive from December 1

Published

on

ISKCON Navi Mumbai is set to begin one of its largest spiritual outreach initiatives with the launch of a 7-lakh Bhagavad Gita distribution drive starting December 1. The campaign, which will run till January 15, 2026, aims to deliver copies of the Gita to households across Navi Mumbai through temples, public spaces, and community centres.

The initiative marks the first anniversary of the ISKCON Kharghar temple, inaugurated last year by Prime Minister Narendra Modi. In celebration of the milestone, the temple has planned a series of activities to deepen public engagement with spiritual teachings. As part of the outreach, ISKCON will organise Gita study classes, especially designed for youth and working professionals. According to officials, thousands have already registered for these sessions, reflecting the growing interest in spiritual learning.

The anniversary celebrations from January 13 to 15 will include various devotional events such as Abhishek rituals, the traditional Nauka Vihar (boat festival), and a grand elephant procession through Kharghar. These festivities aim to bring the community together in a vibrant display of culture and devotion.

Temple president Dr. Sura Das stated that the mission is to “gift a Bhagavad Gita to every household,” enabling more people to access its timeless teachings. ISKCON leaders expressed confidence that the wide-reaching campaign will promote spiritual awareness and strengthen community bonds across the city.

The distribution drive is expected to be one of the largest of its kind in Navi Mumbai.

Continue Reading

Latest News

Navi Mumbai Crime Branch Busts Ganja Racket in Kalamboli, Four Arrested

Published

on

The Navi Mumbai Crime Branch has dismantled a ganja smuggling racket operating in Kalamboli, leading to the arrest of four individuals and the seizure of a significant quantity of narcotics. Acting on a reliable tip-off received by Police Constable Omkar Bhalerao, officials learned that ganja was being sold near DD Dhaba on Roadpali Link Road in Sector 16.

A special team from the Central Crime Branch, led by Police Inspector Sunil Shinde and operating under the supervision of ACP Ajaykumar Landge, immediately launched a planned operation. When the suspects arrived at the location in a Swift Dzire car, police intercepted the vehicle and conducted a search, which resulted in the recovery of 5.5 kg of ganja.

In addition to the narcotics, the police confiscated the suspects’ car and four mobile phones, bringing the total value of the seized items to approximately Rs 9.90 lakh. The arrested individuals were taken into custody at the spot.

Following the operation, a case was registered at Kalamboli Police Station under Sections 20(b) and 8(c) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Officials stated that the crackdown is part of an intensified effort to curb drug-related activities across Navi Mumbai and ensure a drug-free environment in the region.

Investigations are underway to determine the source of the ganja and identify any additional members connected to the network. Police indicated that more arrests are likely as the probe continues.

Continue Reading

Latest News

Gold Chains Worth ₹10.5 Lakh Stolen at Rolling Loud India; Four Attendees File Complaints

Published

on

A series of thefts marred the two-day Rolling Loud India music festival held in Kharghar, Navi Mumbai, after four attendees reported that their gold chains—collectively valued at Rs 10.50 lakh—were stolen amid the massive crowd. The incidents occurred on Sunday evening, between 6 pm and 10 pm, during peak performances when thousands of fans had gathered near the stages.

According to police officials, the victims stated that their chains were forcibly pulled off their necks in the dense crowd without their notice. All four individuals have lodged formal complaints at the Kharghar Police Station, prompting authorities to begin an investigation. Police are currently reviewing CCTV footage, analyzing crowd movement, and checking for known pickpocket groups that typically target large gatherings.

The thefts have raised concerns about the security arrangements at the international festival, which saw heavy footfall throughout the weekend. This is not the first time such incidents have been reported at major concerts in the Mumbai region, with similar cases emerging during previous large-scale events.

Besides the thefts, attendees took to social media to express dissatisfaction over event logistics, particularly the significant distance between the two main stages, which made moving between performances difficult amid the crowd.

The police have assured attendees that efforts are underway to identify the culprits and recover the stolen jewellery. Further updates are expected as the investigation progresses.

Continue Reading

Trending