RBI Governor Shaktikanta Das announced the adoption of conversational payments during the bi-monthly Monetary Policy Meet with the objective to 'harvest new technology enhancements for users'. Here's all that you need to know
On August 10, along with major announcements such as an unchanged repo rate at 6.5 percent, Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank will bring into adoption the use of conversational payments on Unified Payments Interface (UPI) through artificial intelligence (AI). It will enable users to converse with AI-powered systems to make payments.Â