RBI Governor Urjit Patel unveils UPI 2.0 with new improved interface features

RBI Governor Urjit Patel unveils UPI 2.0 with new improved interface features
RBI Governor Urjit Patel unveils UPI 2.0 with new improved interface features

RBI Governor Urjit Patel unveils UPI 2.0 with new improved interface features

Reserve Bank of India (RBI) Governor, Urjit Patel launched the Unified Payments Interface (UPI) 2.0 the new version has been developed by the National Payments Corporation of India (NPCI).

 The UPI 2.0 has enhanced features such as:-

  • "invoice in the inbox.
  • signed intent or QR,
  • UPI mandate with blocking of funds and UPI for overdraft account",
UPI version 2.0 will allow the customers to use overdraft limit for making payments for merchants.


UPI 2.0 member banks as on date are: State Bank of India, HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.

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