RBI Launches AI-Powered MyUPI Platform
According to inc42.com, Reserve Bank of India Governor Sanjay Malhotra urged fintech companies to prioritize financial inclusion, consumer trust, and responsible innovation during a recent address. The central bank is collaborating closely with the fintech sector as a strategic partner to establish India as a leader in global finance by developing scalable digital public infrastructure.
As part of these broader digital initiatives, the Governor officially launched several key offerings, including UPI Tap and Pay and the new artificial intelligence-powered MyUPI platform. The rollout also featured a framework for corporate bond tokenisation alongside official recognition of the Unified Fintech Forum as a new self-regulatory organization.
The integration of artificial intelligence into core payment rails highlights the central bank’s ongoing push to modernize India’s digital ecosystem while expanding access for users nationwide. Market observers note that these regulatory advancements are designed to foster secure, scalable technology adoption across the country’s rapidly growing financial technology sector.
Based on reporting by inc42.com.
