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AI Voice Payments for UPI Transactions to Transform India's Digital Payments
The Reserve Bank of India (RBI) aims to incorporate AI in digital payments, with a focus on the Unified Payments Interface (UPI).
The concept, known as "Conversational Payments," brings in a new and natural way of doing business.
This new functionality inserts payment requests directly into chat or message discussions, allowing for quick money transfers throughout daily contacts.
Because voice assistants may be used in practically every field, including banking, healthcare, retail, and advertising, their potential applications and tasks are limitless.
Banks and other payment firms are starting to investigate the viability of using speech technologies for financial transactions.
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