RBI Grade BNABARD ESISEBI
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Source: ET
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
Why in News?
NPCI expanded the “UPI One World” wallet service for foreign delegates from over 40 countries attending the India AI Impact Summit 2026, along with launching AI-driven payment innovations.
What is UPI One World Wallet?
A special digital payment facility for foreign visitors that allows them to make UPI payments in India without needing:
- An Indian bank account
- An Indian mobile number
Enables seamless digital payments for international travellers.
Key Features
- Designed for short-term foreign visitors.
- Supports QR-based UPI transactions.
- Promotes cashless payments and tourism convenience.
Other Major Launches
Finance Model for India (FiMI)
- AI-based small language model developed by NPCI.
- Designed to handle:
- UPI dispute resolution
- Customer support queries
- Regulatory guidance
- Ecosystem information
AI-Powered UPI Pilot (NPCI + Razorpay)
- Conversational AI-based payments.
- Users can order food, groceries, and essentials directly within a chat interface.
- Integrated with platforms like:
- Zomato
- Swiggy
- Zepto
Strategic Partnership with Nvidia
- To develop sovereign AI models for India’s payment ecosystem.
- Focus on secure, India-specific AI capabilities.
