UPI HELP, IoT Payments, Banking Connect, Reserve Pay
Why in the news
Several digital payment initiatives aim to make UPI-linked payments easier and safer.
Key facts
| Initiative | What it does |
|---|---|
| AI-based UPI HELP | Checks status, raises complaints, manages mandates |
| IoT payments | Payments from connected devices via triggers, routines, voice or text, within user limits |
| Banking Connect | Interoperable net banking across banks and aggregators; standard merchant onboarding |
| UPI Reserve Pay | Block and manage parts of credit limits for set uses |
- IoT payments suit fuel and EV charging.
- Reserve Pay supports repeat purchases and budgeted spending.
Exam angle
- Match each initiative to its purpose.
- IoT devices: cars, smart TVs, smart glasses, wearables.