Digital payments in India just got much faster and far more secure. Reserve Bank of India Governor Sanjay Malhotra, alongside the National Payments Corporation of India , has officially launched two major features UPI Tap and Pay and an AI powered assistant called MyUPI.
With UPI Tap and Pay, shopping at local store billing counters will take only a second. Users with NFC enabled smartphones can simply unlock their phone and tap it against a compatible card machine. For payments up to ₹5,000, you do not even need to type your UPI PIN! Even better, it works offline using the shopkeepers machine internet, so slow mobile network signals will no longer block your transactions. Alongside this, the new MyUPI platform brings smart artificial intelligence right into your payments. Powered by NPCI specialized Small Language Model called FiMI, MyUPI gives users complete control over their money.
The most exciting feature of MyUPI is the Safety Switch. If you ever suspect any fraudulent activity or feel your account is at risk, you can instantly hit the switch to pause or block unauthorized debits with a single click. MyUPI also brings 24x7 multilingual support and automated complaint handling to resolve payment disputes quickly. These new updates promise to make every day UPI payments simpler, faster, and safer for millions of Indians.
