Mumbai: Reserve Bank of India Deputy Governor T. Rabi Sankar on Tuesday announced the launch of three key digital payment innovations– UPI Multi-Signatory, Small Value Transactions using wearable glasses via UPI Lite, and forex on Bharat Connect — at the Global Fintech Fest (GFF) 2025.

The Multi-Signatory Accounts feature will enable multi-signatory or 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, and enhancing transaction speed.

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

The Small Value Tran

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