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Tech Office : Updates & Tech News ~1@TechOfficeUpdate P.22593
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🚀 IoT for UPI

At the Global Fintech Festival 2025, RBI launched IoT-enabled UPI payments, letting connected devices act as payment agents.

Cars, wearables, TVs, and smart appliances can now trigger contextual, automated transactions—like an EV paying for charging, a car clearing tolls, or a fridge reordering groceries—while still requiring user authorization.

🔐 Security

- Biometric UPI: Fingerprint/face ID for approvals
- No Debit Card Needed: Set UPI PIN without a card

💡 Impact

- Invisible Payments: Seamless, background transactions
- Smart Cities: Boost for EVs, tolls, parking
- Inclusion: Easier onboarding for new users
- Global First: India leads in IoT + real-time payments

📊 Scenarios

| Device | Use Case | Advantage |

|--------|----------|-----------|

| 🚗 Car | Fuel/tolls/EV | Auto-pay |
| 🕶️ Glasses | Transit | Voice/tap |
| 📺 TV | Subscriptions | Auto-renew |
| 🏠 Fridge | Groceries | Auto-order |

Also launched: Banking Connect, UPI Reserve Pay, AI-based UPI Help.
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🚀 IoT for UPI

At the Global Fintech Festival 2025, RBI launched IoT-enabled UPI payments, letting connected devices act as payment agents.

Cars, wearables, TVs, and smart appliances can now trigger contextual, automated transactions—like an EV paying for charging, a car clearing tolls, or a fridge reordering groceries—while still requiring user authorization.

🔐 Security

- Biometric UPI: Fingerprint/face ID for approvals
- No Debit Card Needed: Set UPI PIN without a card

💡 Impact

- Invisible Payments: Seamless, background transactions
- Smart Cities: Boost for EVs, tolls, parking
- Inclusion: Easier onboarding for new users
- Global First: India leads in IoT + real-time payments

📊 Scenarios

| Device | Use Case | Advantage |

|--------|----------|-----------|

| 🚗 Car | Fuel/tolls/EV | Auto-pay |
| 🕶️ Glasses | Transit | Voice/tap |
| 📺 TV | Subscriptions | Auto-renew |
| 🏠 Fridge | Groceries | Auto-order |

Also launched: Banking Connect, UPI Reserve Pay, AI-based UPI Help.

BY Tech Office : Updates & Tech News ~1


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