UPI 2.0 will be launched by Urjit Patel, Rajnish Kumar, and Nandan Nilekani
A consortium of over 10 public and private banks will join UPI 2.0 from the beginning
The updated version of UPI will bring in new features such as overdraft facility, IPO subscription, and block feature on digital payments
over 10 banks will join UPI 2.0 from the beginning which includes the likes of SBI, HDFC Bank, ICICI Bank, and Yes Bank among others.
However this update will miss the main feature of automated recurring payments.