All roads lead to UPI

Some context

  • RBI Governor Mr.Das, while delivering the Monetary policy speech made the following announcement.

Scope of UPI to be expanded, by permitting operation of pre-sanctioned credit lines at banks, through UPI

The following piece by Finshots gives us a step by step explanation on how RBI is trying to link credit to UPI

Will it create the same impact to the way we access credit? If yes, Who will be the biggest beneficiaries of this announcement and how big an impact will this have on the Banking and the fintech space?


This is basically what all central banks are trying to do. It’s been in the works for many years now.

Snowden had a nice diagram on this!

Tweeted about this in 2021 -


They want total control !!! :scream:

This is super quick from ICICI Bank. Announced this feature within a week from the RBI announcement.

1 Like

What’s the link between various forms of CBDC and UPI? :thinking: