Cash deposits via UPI to get nod
Financial Express Mumbai|April 06, 2024
THE RESERVE BANK of India will facilitate cash deposit in banks through the Unified Payments Interface (UPI). Currently, the facility of cash deposit is available only through debit cards.
AJAY RAMANATHAN
Cash deposits via UPI to get nod

"Given the popularity and acceptance of UPI, as also the benefits seen from the availability of UPI for card-less cash withdrawal at ATMs, it is now proposed to facilitate cash deposit facility through use of UPI," the RBI said.

In September, Hitachi Payment Services, a subsidiary of Hitachi, had launched UPI-ATM, which allows users to withdraw cash without using debit card or credit card. The managing director and cash business CEO, Sumil Vikamsey, had told FE that the company was also considering an interoperable card-less cash deposit facility that will run on the UPI rails.

Experts feel that the RBI's latest announcement will serve as a catalyst in fostering the widespread adoption of cash recycler machines in India.

この記事は Financial Express Mumbai の April 06, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の April 06, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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