RBI Governor Launches New UPI Features, Payments Now Possible From Cars, Watches And Mobiles (TIN)
Business News: India’s digital payment system just got a major boost. RBI Governor Sanjay Malhotra has launched new UPI features that allow payments not only from phones but also cars and wearables.
Reserve Bank of India Governor Sanjay Malhotra unveiled four new digital payment features during the Global Fintech Festival 2025. These include AI-based UPI Help, IoT Payments, Banking Connect, and UPI Reserve Pay. The goal is to make payments quicker, easier, and more secure for millions of users. What’s new is that transactions can now be done through mobile phones, connected cars, and even smartwatches. This is being seen as a big leap in India’s fintech journey.
UPI Help is an artificial intelligence-powered support system designed to assist users with problems and mandates in transactions. Built in-house by RBI, the tool currently operates in English but will soon expand to Hindi and other regional languages. It allows people to check transaction status, file complaints, and receive step-by-step guidance on resolving issues. This will also help banks settle complaints more quickly. The feature promises to save time for both customers and institutions, bringing smoother digital banking.
IoT Payments, or Internet of Things payments, allow seamless transactions from connected devices. Imagine filling fuel, charging an EV, or shopping online without pulling out your phone. Payments can now be made directly from cars, smartwatches, smart glasses, or even smart TVs. This futuristic system integrates payments into daily life, making them effortless. Experts say this is a landmark shift towards “invisible payments” where convenience and speed dominate the experience. It reflects the future of smart, touchless transactions.
Banking Connect, developed by NPCI Bharat BillPay Limited, focuses on simplifying internet and mobile banking. It integrates multiple services into one platform under RBI’s “Payments Vision 2025.” The feature will improve settlements between banks, aggregators, and merchants. For users, it offers simplified QR payments, Pay via App options, and faster resolution of payment issues. It aims to bring every citizen closer to a reliable, accessible, and easy-to-use banking system. By uniting services, Banking Connect reduces complexity for customers.
For those who make frequent online payments, UPI Reserve Pay is the game-changer. Whether for e-commerce, food delivery, or cab bookings, users can now pay without repeatedly entering card details or OTPs. This system creates a secure reserve that works across apps and platforms. It provides one place to track blocked and used credit, regardless of the merchant. The focus is on reducing friction in payments, creating a smooth, fast, and secure UPI experience for heavy users.
The RBI initiatives are part of a broader vision to ensure “e-payments for everyone, everywhere, at all times.” By bringing AI, IoT, and integrated banking into the UPI ecosystem, RBI wants to build a digital system that is future-ready. These features will help India move closer to a cashless society, with payments available at the click of a button or tap of a device. The vision is to empower users with safety, transparency, and complete control of their transactions.
With these launches, India is positioning itself as a leader in global digital payments. UPI has already become a benchmark system, admired across the world for speed and scale. The new tools strengthen its reputation further by blending security with convenience. Experts believe this will not only benefit Indian consumers but also provide a model for other countries. As RBI pushes these innovations, India is setting new global standards for fintech transformation, making everyday payments smarter than ever.
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