HDFC Bank Introduces New UPI And CBDC Features At Global Fintech Festival

According to Foresight News, HDFC Bank, a private bank in India, has unveiled new features for its Unified Payments Interface (UPI) and Central Bank Digital Currency (CBDC) at the 2024 Global Fintech Festival. These enhancements aim to improve the digital banking experience for customers. The new features have been developed in collaboration with fintech companies such as Kreditpe, Tonetag, and Payu. The specific products introduced include UPI Circle-Delegate Payment, a personalized UPI experience, and user-level programmable CBDC. These innovations are expected to provide a more seamless and customized digital banking experience for HDFC Bank's customers, leveraging the latest advancements in financial technology.