Mumbai, 8 October 2025: The Reserve Bank of India Deputy Governor Shri T. Rabi Sankar announced the launch of three key digital payment innovations at the Global Fintech Fest 2025.

The new offerings are ‘UPI Multi-Signatory,’ ‘Small Value Transactions using Wearable Glasses via UPI Lite,’ and ‘Forex on Bharat Connect.’

The RBI Deputy Governor announced the launch of the Multi-Signatory Accounts feature on UPI to enable multi-signatory/joint accounts on UPI that require authorization from one or more signatories to perform UPI payments seamlessly. Signatories can conveniently use any UPI app to manage linked bank accounts, making the process more convenient and hassle-free and enhancing transaction speed.

This feature is fully interoperable, allowing initiators to use any UPI or bank ap

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