Aapki Khabar Aapka Fayda: RBI to launch digital payment systems for feature phones

RBI Governor Shaktikanta Das had announced that it will launch digital payment systems for feature phones. This means that the central bank will allow Unified Payments Interface-based (UPI) products to be available on feature phones, and make an internet-free UPI payments system possible in the upcoming days. The Reserve Bank of India is also set to form a panel to study the charges on digital payments.