RBI Deputy Governor launches include UPI Interoperable Cash Deposit at ATMs
RBI Deputy Governor Unveils Product Offerings for Transforming ATM Infrastructure at GFF 2024; RBI Executive Director Announces Rebranding of NBBL’s BBPS Platform to Bharat Connect
RBI Deputy Governor launches include UPI Interoperable Cash Deposit at ATMs
Chennai, 30 August 2024: The Reserve Bank of India (RBI) Deputy Governor Shri T. Rabi Sankar today announced the launch of product offerings aimed at transforming the ATM infrastructure in the country. Unveiled in association with National Payments Corporation of India (NPCI) at the Global Fintech Fest (GFF) 2024, the initiatives include UPI Interoperable Cash Deposit (UPI-ICD) and banks showcasing Digital Banking Units (DBUs).
The introduction of UPI ICD allows customers to deposit cash at ATMs operated by banks and white label...