UPI 2.0 to be Launched Today by RBI Governor Urjit Patel
Following a number of delays and a few hurdles, the updated version of UPI which is commonly called UPI 2.0 is set to be introduced to the people by the National Payments Corp of India. The UPI 2.0 will be launched today at an event in Mumbai.
Urjit Patel, the Governor of The Reserve Bank of India along with Rajnish Kumar, State Bank of India chairman and Nandan Nilekani, the non-executive chairman of Infosys are looking forward to formally launch the updated version.
It has been reported that around 10 banks will join UPI 2.0 from the beginning which includes:
- SBI
- HDFC Bank
- Axis Bank
- ICICI Bank
- Yes Bank
However, the other banks are in multiple stages of updating the payment product.
"NPCI wanted the updated UPI to be launched by the Governor himse...