{"id":21833,"date":"2023-09-02T02:22:52","date_gmt":"2023-09-02T02:22:52","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/digital-rupee-gets-big-usability-boost-through-yes-bank-integration-with-upi\/"},"modified":"2023-09-02T02:22:53","modified_gmt":"2023-09-02T02:22:53","slug":"digital-rupee-gets-big-usability-boost-through-yes-bank-integration-with-upi","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/digital-rupee-gets-big-usability-boost-through-yes-bank-integration-with-upi\/","title":{"rendered":"Digital rupee gets big usability boost through Yes Bank integration with UPI"},"content":{"rendered":"
<\/p>\n
The Reserve Bank of India (RBI) central bank digital currency, the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank\u2019s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. Now, Yes Bank account holders will be able to make transactions with the digital rupee by scanning UPI QR codes.<\/p>\n
The UPI is a national payment portal operated by the National Payments Corporation of India (NPCI), a division of the RBI. The NPCI provides the infrastructure for both the UPI and the digital rupee. The UPI is used by 150 million merchants in India, according to local press reports.<\/p>\n
\nWe are pleased to share that YES BANK has gone live with Unified Payments Interface (UPI) interoperability on the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) app. <\/p>\n
With this, users can simply scan any UPI enabled QR Code through the YES BANK Digital Rupee\u2026 pic.twitter.com\/dXxrerptoC<\/a><\/p>\n