look news india
A huge and revolutionary change is going to happen in the world of digital payments in India. National Payments Corporation of India (NPCI) is working on a new and very secure protocol, after which the AI assistant of your smartphone will not only follow your orders, but will also be able to pay your bills as per your wish. This very smart system Unified Agent Protocol (UAP) Name has been given, which will be based on ‘Agentic AI’ technology. After its arrival, everyday small transactions and bill payments will become completely automatic, which will save a lot of time for the users.
What is NPCI’s new ‘Agentic AI’ proposal?
Usually, the Artificial Intelligence (AI) we use till now only answers our questions or gives suggestions. But ‘Agentic AI’ is many steps ahead of this. It is such an advanced system that can take decisions on its own within a certain limit set by the user and can single-handedly execute tasks that need to be completed in several steps. NPCI is preparing a strong framework to connect this technology with UPI. If this plan is completely successful, India will become the first country in the world where digital payment facility will be available through AI agents at the national level.
How will this new system work?
Under the Unified Agent Protocol (UAP), users will have to give some delegation of rights to their AI agent in advance. Your AI assistant will work only within the scope and limits that you have given it. For example:
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Payment of Monthly Bills: Electricity, water, gas and mobile recharge will be done automatically on time.
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Online Shopping and Food Delivery: Payment can be processed automatically on your favorite platforms.
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Ticket Booking: AI will handle the payment during IRCTC or flight ticket booking.
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Subscription Renewal: Subscriptions to OTT platforms or other services will be automatically renewed when they expire.
Maximum emphasis will be on safety to prevent fraud
Since the matter is related to money transactions and AI, NPCI is preparing very strict guidelines regarding security arrangements. The main points of security of this system will be as follows:
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Unique Digital ID: Every AI agent will first be registered on the platform and its unique digital identity will be created.
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Explicit Consent of Users: No transaction will be processed without user confirmation and permission.
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Payment and Time Limit: Users will be able to decide the maximum amount of money the AI agent can transfer at one time and for how many days this permission will be valid.
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Complete Tracking and Audit: There will be real-time tracking of every small and big transaction so that any irregularities can be detected immediately.
Do I need to change my UPI PIN or app?
The best thing about this new technology is that to implement it, there will not be any major disruption or change in the existing UPI infrastructure of the country. This new protocol will work together with the existing payment ecosystem on the backend. That is, the general public is using normal UPI today through PhonePe, Google Pay or Paytm, it will continue to do so. This extra smart feature available for AI agents will be added separately as a new update inside the app.