Yes Bank has announced that it launched Unified Payments Interface (UPI) interoperability to take part in RBI operations with digital INR
The integration enables QR-code functionality: Users will be able to send domestic remittances between various Indian states in a seamless and fast manner.
As per an article of The Economic Times, an Indian financial media outlet, this integration will be of paramount importance for the Digital Rupee product development, testing and adoption:This move is set to significantly expand the reach of the Digital Rupee and underscores the bank's commitment towards propelling digital innovations, and providing a wide range of transactional options for users across the nationwas lifted in India.
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