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Kotak Mahindra Bank has introduced a UPI interoperability feature on its Digital Rupee (e₹) application as part of the RBI's CBDC pilot project. Users can now scan any QR code at merchants to make payments for groceries and daily expenses. The feature is currently available for Android users.
YES Bank has announced that it has launched Unified Payments Interface (UPI) Interoperability on the Reserve Bank of India's Central Bank Digital Currency (CBDC) app. This will allow users to scan any UPI QR code through the YES Bank Digital Rupee app and make transactions seamlessly. This move aims to expand the reach of the Digital Rupee and highlights the bank's commitment to digital innovations.
The Reserve Bank of Indias (RBI) Central Bank Digital Currency (CBDC) app now supports Unified Payments...
With this move, users will now be able to scan any UPI QR code through the YES Bank Digital Rupee app and undertake transactions in a seamless manner
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