Mumbai: Reserve Bank of India Governor (RBI) Shaktikanta Das on Wednesday said it decided to add a new feature in its Unified Payments Interface (UPI) platform where the delivery of service or goods happens later such as e-commerce purchases, hotel bookings or investments in equities. Through the ‘single-block-and-multiple debits’ feature...
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Mumbai: Reserve Bank of India Governor (RBI) Shaktikanta Das on Wednesday said it decided to add a new feature in its Unified Payments Interface (UPI) platform where the delivery of service or goods happens later such as e-commerce purchases, hotel bookings or investments in equities. Through the ‘single-block-and-multiple debits’ feature...
The post appeared first on .
By introducing single-block-and-multiple-debits functionality, Shaktikanta Das said this facility will enable a customer to block funds in his/her account for specific purposes, which can be debited whenever needed.
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