In partnership with NSDL Payments Bank and NPCI, which of the following will allow 40 crore feature phone users to access the payment services in regional languages?

Solution

Feature phone users can make UPI payments in regional languages like Hindi, Tamil, Telugu, Malayalam, Kannada, and Bengali with ToneTag’s VoiceSE UPI payments. Sound wave tech solutions firm ToneTag has partnered with large PSU banks to provide UPI 123Pay services to their customers. ToneTag’s voice-first solution has expanded its offerings in regional languages in order to bridge the gap in the accessibility of digital payments in rural India. In partnership with NSDL Payments Bank and NPCI, VoiceSe will allow 40 crore feature phone users to access the payment services in regional languages. Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. NSDL Payments Bank Headquarters: Mumbai MD & CEO: Abhijit Kamalapurkar National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA). NPCI Headquarters : Mumbai MD & CEO: Dilip Asbe