You do not have to input your UPI ID and scan the QR code in order to make payment via UPI. Tap & Pay service has been introduced by UPI on the second day of the ongoing Global Fintech Fest in Mumbai.

Now users can make instant payments using their NFC enabled smart phone simply by tapping it to an NFC enabled POS terminal.

Tap & Pay service was launched by RBI governor Sanjay Malhotra. NPCI which runs UPI claims that its Tap & Pay service works even in places where there is no internet facility.

NPCI is the chief body which handles retail payment and settlement systems in India. It was established by RBI and Indian Bankers Association (IBA). This service has been launched by UPI prior to launching of this service by Apple Pay in India. Tap & Pay is available in Apple Pay as well.

Moreover, services such as PhonePe and Google Pay also provide the same functionality through their respective apps. However, UPI has now made it standard.

This means that whether you use any UPI app, such as PhonePe, Google Pay, BHIM, or Paytm, you'll get tap-and-pay. You don't need to open the UPI app to use this feature. You simply unlock your phone, take it to the POS machine, and the amount entered will be transferred.

SEBI announced the launch of Demat 2.0 on Thursday. This is a pilot project for tokenization of corporate bonds, allowing instant transactions.

Demat 2.0 is linked to the RBI's wholesale digital currency, CBDC, through the RBI's Unified Market Interface (UMI). This announcement was made jointly by RBI Governor Sanjay Malhotra and SEBI Chairman Tuhin Kant Pandey at the Global Fintech Fest.

Corporate bond tokenization is a process in which ownership rights of traditional paper or digital ledger-based corporate bonds are converted into digital tokens on the blockchain (blockchain technology).

This is not a new investment product, but a modern and technologically advanced way to issue, sell, and manage existing bonds.

You do not have to input your UPI ID and scan the QR code in order to make payment via UPI. Tap & Pay service has been introduced by UPI on the second day of the ongoing Global Fintech Fest in Mumbai.

Now users can make instant payments using their NFC enabled smart phone simply by tapping it to an NFC enabled POS terminal.

Tap & Pay service was launched by RBI governor Sanjay Malhotra. NPCI which runs UPI claims that its Tap & Pay service works even in places where there is no internet facility.

NPCI is the chief body which handles retail payment and settlement systems in India. It was established by RBI and Indian Bankers Association (IBA). This service has been launched by UPI prior to launching of this service by Apple Pay in India. Tap & Pay is available in Apple Pay as well.

Moreover, services such as PhonePe and Google Pay also provide the same functionality through their respective apps. However, UPI has now made it standard.

This means that whether you use any UPI app, such as PhonePe, Google Pay, BHIM, or Paytm, you'll get tap-and-pay. You don't need to open the UPI app to use this feature. You simply unlock your phone, take it to the POS machine, and the amount entered will be transferred.

SEBI announced the launch of Demat 2.0 on Thursday. This is a pilot project for tokenization of corporate bonds, allowing instant transactions.

Demat 2.0 is linked to the RBI's wholesale digital currency, CBDC, through the RBI's Unified Market Interface (UMI). This announcement was made jointly by RBI Governor Sanjay Malhotra and SEBI Chairman Tuhin Kant Pandey at the Global Fintech Fest.

Corporate bond tokenization is a process in which ownership rights of traditional paper or digital ledger-based corporate bonds are converted into digital tokens on the blockchain (blockchain technology).

This is not a new investment product, but a modern and technologically advanced way to issue, sell, and manage existing bonds.