SBI announces interoperability of CBDC and UPI for seamless transactions: Central Bank Digital Currency (CBDC) pilot project, multiple Indian banks have announced the introduction of Unified Payments Interface (UPI) interoperability feature on the Digital Rupee application.
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Digital Rupee app users can scan any QR code to make payments for groceries and daily expenses.
State Bank of India (SBI), Kotak Mahindra Bank, Yes Bank, Axis Bank. HDFC Bank, Canara Bank, among others are live with the inclusion of UPI interoperability.