HDFC Bank Elevates Digital Banking Experience with New UPI & CBDC Features!

UPI Merchant EMI - SmartHub Vyapar:

  • Personalized Promotions: Enjoy tailored promotions and exclusive discounts when using UPI.
  • Seamless Credit: Convenient credit card EMI options available during the payment process, making transactions smoother and more efficient.

UPI Circle:

  • Delegate Payments: The new UPI Circle feature allows the primary account holder to delegate payment responsibilities to a secondary user.
  • Simplified Transactions: The secondary user can carry out transactions using the primary account holder’s account without needing to create a separate account. This feature was developed in collaboration with KreditPe, bringing a new level of flexibility to UPI payments.

Central Bank Digital Currency (CBDC) - User-Level Programmability:

  • Customizable Payments: With the new User-Level Programmability, you can now tailor payments within the HDFC Bank Digital Rupee Wallet for specific purposes.
  • Enhanced Control: Set conditions like validity periods or geographical restrictions on where the CBDC can be used, giving you full control over your digital currency transactions.