At the Global Fintech Fest 2025, the Reserve Bank of India (RBI) and the Department of Financial Services (DFS) announced a new wave of digital payment innovations designed to enhance security, accessibility, and user convenience. The new initiatives include UPI Multi-Signatory for joint accounts, hands-free UPI Lite payments via wearable smart glasses, on-device biometric authentication, Aadhaar-based face verification for UPI PIN setup, and cash withdrawals through Micro ATMs at UPI Cash Points — marking another leap forward for India’s fast-evolving digital payments ecosystem. Advertisement

> UPI Multi-Signatory feature

RBI Deputy Governor T. Rabi Sankar unveiled the UPI Multi-Signatory feature, which enables payments from joint accounts requiring multiple approvals. The feature allo

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