The Deputy Governor of the Reserve Bank of India (RBI), T. Rabi Sankar, on Tuesday announced the launch of three key digital payment innovations at the Global Fintech Fest 2025.

The new offerings are ‘UPI Multi-Signatory’, ‘Small Value Transactions using Wearable Glasses via UPI Lite’, and ‘Forex on Bharat Connect’.

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The Multi-Signatory Accounts feature on UPI enables multi-signatory/joint accounts on UPI that require authorisation from one or more signatories to perform UPI payments seamlessly.

Signatories can conveniently use any UPI app to manage linked bank accounts, making the process more convenient and hassle-free while enhancing transaction speed.

This feature is fully interoperable, allowing initiators to use any UPI or bank apps, while signatories can approve vi

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