IoT on cards for UPI: Payments from smart devices and not just phones could be a reality

Still making payments by cash, card or UPI? It’s about to get easier — to the point where any smart device is going to be able to initiate automated payments without user interference. The National Payments Corporation of India is in the process of developing UPI 3.0, an IoT (Internet of Things)-ready UPI system, which will allow individuals to automate UPI transactions through all smart devices and not just their phones.