NPCI launches UPI 2.0, here's what the new platform has to offer
Updated : August 16, 2018 03:58 PM IST
UPI 2.0 mandates are created with one time block functionality for transactions. Customers can pre-authorise a transaction and pay at a later date.
Customers will be able to transact instantly and all benefits associated with OD account shall be made available to the users. UPI 2.0 will serve as an additional digital channel to access OD account.
UPI has recorded transactions worth Rs 45,845 crore and 235 million in terms of value and volume in the month of July.