NPCI launches UPI Tap & Pay for NFC checkout; SEBI pilots tokenised bond settlement
NPCI’s UPI Tap & Pay enables NFC-based payments at compatible POS terminals, potentially speeding merchant checkout. Separately, SEBI’s Demat 2.0 pilot uses RBI wholesale CBDC rails for tokenised corporate-bond settlement.
What happened
NPCI launched UPI Tap & Pay for NFC-enabled POS terminals and MyUPI AI support, improving merchant checkout and consumer payments. SEBI also launched the Demat
Key facts
- Three companies issued tokenised bonds aggregating Rs 1,025 crore
What changed
NPCI launched UPI Tap & Pay for NFC-enabled POS terminals and MyUPI AI support, improving merchant checkout and consumer payments. SEBI also launched the Demat 2.0 tokenised corporate-bond settlement pilot linked to RBI’s wholesale CBDC.
Why this matters
UPI Tap & Pay gives retailers a faster NFC checkout option beyond QR codes, making POS terminal compatibility and staff/customer adoption the immediate operational priorities.