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NPCI could soon introduce sound-based payment option for UPI transactions

Updated : May 16, 2018 11:13 AM IST

The project has moved from preliminary tests to proof of concept stage.
The development comes as there was a rise in UPI based transactions since 2016.
There is a huge demand of moving person to merchant transactions away from cash.
NPCI could soon introduce sound-based payment option for UPI transactions

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