SBI introduces UPI interoperability in Digital Rupee
The Hindu
SBI implements UPI interoperability in Digital Rupee (₹) to enable swift, secure transactions. Seamless integration of CBDC with UPI marks a significant leap for the bank, enhancing acceptance and utilization of digital currencies. Integration a "game changer" for digital currency ecosystem.
The State Bank of India (SBI), the public sector lender said it had implemented Unified Payments Interface (UPI) interoperability in Digital Rupee (₹) also called as Central Bank Digital Currency (CBDC).
Also read: Explained: RBI’s digital currency plans
“This cutting-edge feature, accessible through the ‘eRupee by SBI’ application will empower SBI CBDC users to effortlessly scan any merchant UPI QR code for swift and secure transactions,” SBI said in a statement.
The seamless integration of CBDC with UPI marks a significant leap for the bank, enhancing the acceptance and utilisation of digital currencies in everyday transactions, the bank added.
“This integration will be a game changer for the digital currency ecosystem,” it further said.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.