India Boosts Digital Payments with AI Voice Commands

India is taking bold steps to promote digital payments and make banking easier for more people. The National Payments Corporation of India (NPCI) has introduced a smart system that lets you use your voice to do banking tasks.

With this new feature, you can use your voice to do things like sending money, paying bills, topping up your phone, checking your balance, and seeing your transaction history. This clever system uses advanced computer talking skills to understand what you’re saying and give you answers.

This new voice service is especially helpful for people who live in small towns and villages. Many of them might not be very comfortable with computers or speaking English. This change aims to get another 500 million people into digital banking.

This voice-powered system joins other cool things NPCI has made, like the United Payments Interface (UPI) and RuPay cards. These have already made lots of people use digital payments. The plan is to have $1 trillion in digital transactions by 2025. Using things like AI and voice control could help this happen even more.

But, some really smart people say that NPCI needs to be very careful. Since we’re talking about money, they need to make sure the system is super safe and nobody can steal your info. Also, when computers listen to voices, they need to be extra good at keeping secrets. If everything goes well, this could make things easier for lots of people who are new to digital banking.

So, India is getting creative with AI and voice tech to make digital banking even better. This helps people who might not have tried digital banking before. Just remember, they need to keep everything safe and private. If they can do that, this new idea might make India’s economy even stronger and give many more people a chance to use digital banking.

Visit: https://www.mobiloitte.com/