New Simple USSD For Feature Phones In 15-20 Days: Niti Aayog CEO

NEW DELHI: Amid cash crunch due to demonetisation, a more user friendly and simple version of Unstructured Supplementary Service Data (USSD) used on feature mobile phones for making cashless payments will be rolled out in next 15 days.

At present, there are about 400 million feature mobile handset users in the country. The move will push the digital transaction in a big way particularly in rural areas where penetration of smart phone and Internet is skewed.

Mr Kant, who is a member of a panel with chief ministers of different political parties on board to examine and promote the use of digital payment systems across the country, was talking to the media after the committee members meeting with RBI and heads of various banks in Mumbai.

The panel is also working out ways to achieve inter-operatibility of unified payment interface of various banks. This will enable account holders to use their banks’ UPI with a subscribers of other banks’ UPI for making and receiving cashless payments.

Andhra Pradesh Chief Minister Chandrababu Naidu who is the Convener of the panel said, “There was an issue of inter-operatibiity of UPI of various banks in today’s meeting. We are working on inter-operatibilty of UPI of different banks.”

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