RBI governor Shaktikanta Das announced an additional function for Unified Payments Interface (UPI) platforms that would allow multiple debits.
“UPI has emerged as the best payment system anywhere in the world.
It has been our constant endeavor to try and deepen the reach in India.
The UPI currently includes functionality to undertake recurring payments and single-block payments.
It is now being enhanced to allow customers to block funds in their accounts for multiple payments of specific nature,” the Governor said.
Meanwhile, Mr. Das also announced an expansion in the scope of Bharat Bill Payment System (BBPS) to include all payments and collections.

Source - The Hindu
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