UPI 2.0 may be launched this week: 5 ways the payments system will change

With the fresh version, UPI is making a move from just being a peer-to-peer payments system to become a preferred platform for merchant payments also

The second version of the Unified Payment Interface (UPI) is expected to be launched by the National Payments Corporation of India (NPCI) this week.

Referred as UPI 2.0, the new version of the account-to-account payment platform is expected to come with new features and several improvements.

Going by a report in The Times of India, UPI 2.0 will add a few features to move from just being a peer-to-peer payments system to become a preferred platform for merchant payments also.

Here are some of the changes and new features that UPI 2, according to the report, is expected to come with: