Overview

• NPCI and the RBI launched face and fingerprint authentication for UPI using on-device verification and Aadhaar FaceRD, initially capped at Rs 5,000 per transaction and offered on an opt-in, phased basis.
• Wearable smart glasses now support UPI Lite for hands-free, small-value payments by scanning a QR and confirming by voice without a phone or PIN.
• A new UPI Multi-Signatory feature enables payments from joint or multi-signatory accounts to proceed only after required in-app approvals by designated signatories.
• UPI Cash Points allow QR-based cash withdrawals at micro-ATMs and Bank Mitra outlets, expanding access to cash services beyond cards and AePS, with limits set by participating banks.
• Bharat Connect’s linkage to the FX-Retail platform has begun in a pilot with Axis Bank, ICICI, SBI, Yes Bank and Federal Bank, letting individuals buy US dollars through integrated banking or TPAP apps.