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SBI, Axis Bank and YES Bank announced in August 2023, that it has gone live with Unified Payments Interface (UPI) Interoperability on the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) app. With this move, users will now be able to scan any UPI QR code through the YES Bank Digital Rupee app and undertake transactions in a seamless manner. On September 3rd PNB also became a part of it.
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