Udaipur :The Secretary, Department of Financial Services (DFS), Ministry of Finance, Government of India, Shri Sanjay Lohiya,today launched multiple innovations at Global Fintech Fest (GFF) 2026to advance financial inclusion in the country. The launch includes theintroduction of Open-Source (Android) ATM forinstant Rupaycard and merchant UPI QR issuance, the enablement of ‘Credit Line on UPI’ for select government-backed credit schemes, and the introduction of Aadhaar Enabled Payment System (AePS) Three-Party Cash Deposit.The announcement took place in the presence Shri Saurabh Vijay CEO of Unique Identification Authority of India (UIDAI).
Open Source (Android) ATM for RuPay card and Merchant QR issuance
The solution will enablecustomers to instantly receive personalised RuPaydebit, credit and NCMC cards directly from an ATM through a simple self-service journey. The open-source(Android) ATM will also dispense merchant QR codes for UPI-based payment collections which will help merchants to easily deploy QRs and start accepting payments. Additionally, these ATMs will also providebanking services such as cheque deposits, account opening and loan applications.
GFF guests and attendees were able to experience first-hand the open-source ATMsplaced across the GFF venue.The solution aims to expand the role of ATMs from just cash withdrawal and deposit machinesto intelligent customer service and banking access points.Customers can receive their cards directly from the machinewithout waiting for courier delivery or making a branch visit,while merchants can obtain QR codes instantly for UPI-based payment collections.
Banks are also exploring the use of these ATMs as Digital Banking Units (DBUs), enabling them to extend banking services to semi-urban and rural areas where traditional branch infrastructure may be limited. Additionally, banks can deploy it at metro stations and transit hubs,at airports including instant access to lounges,and at educational campuses and corporate parks, enablinginstantissuance of cards to travellers, students and employees. By enabling instant card issuance at the ATM, banks can improve customer acquisition and onboarding while eliminating the operational overhead associated with branch visits and physical card distribution.
Currently,nine banks, including banks like State Bank of India, Bank of Baroda, Union Bank of India, Punjab National Bank, Bank of India, Central Bank of India, UCO, Slice Small finance Bank and Airtel Payments Bank are engaging with NPCI and ATM OEMs such as Hitachi Payment Services, Perto India and Vortex Engineeringto assess and explore the solution.
‘Credit Line on UPI’ for Kisan Credit Card (KCC) and PM MUDRA Yojana (PMMY)
Credit Line on UPI was enabled by the Reserve Bank of India (RBI) in September 2023, allowing pre-sanctioned bank credit lines to be linked as a funding account on UPI.The initiative enables eligible beneficiaries of Kisan Credit Card (KCC) and PM MUDRA Yojana (PMMY) to use their sanctioned credit limits for merchant payments through UPI, bringing digital access to formal credit for farmers and small businesses.
These flagship credit schemes were established to strengthen financial inclusion among priority segments, by providing access to working capital and overdraft facilities. Collectively, they represent a significant credit ecosystem, with over 7.7 crore operative KCC accounts carrying sanctioned limits exceeding ₹10 lakh crore and more than 57 crore PMMY loans amounting to over ₹40 lakh crore.
The integration of these schemes with Credit Line on UPI has the potential to transform the credit landscape by making formal credit more accessible, convenient, and digitally enabled for these priority segments.
Eligible KCC account holders of State Bank of India, Bank of Baroda, Punjab National Bank, Union Bank of India, Indian Bank, Canara Bank, Indian Overseas Bank, IDBI Bank, Bank of Maharashtra and UCO Bank can now use their credit accounts as Credit Lines on UPI.
MUDRA beneficiaries of State Bank of India, Punjab National Bank, Bank of Baroda, Union Bank of India, Canara Bank, Indian Overseas Bank, IDBI Bank, and UCO Bank can also access these facilities through UPI. More banks are expected to extend these credit facilities on UPI in the coming months.
Aadhaar Enabled Payment System (AePS) Three-Party Cash Deposit
AePS Three-Party Cash Deposit is an interoperable assisted-banking service that enables a depositor, registered with Aadhaar Biometric Authentication based eKYC, to deposit cash directly into the bank account of family members or loved ones through participating AePS Touchpoint Operators (ATOs).
The service is designed to extend convenient cash deposit access beyond traditional bank branches by leveraging the established AePS ecosystem and its last-mile assisted banking network. Unlike conventional cash deposit options that may depend on a bank’s own branch, cash deposit machines or proprietary infrastructure, AePS Three-Party Cash Deposit is designed to facilitate deposits into beneficiary accounts through the AePS network.
The service will make cash deposits secure and reliable for both customers and beneficiaries. Aadhaar-based biometric authentication confirms the depositor’s presence for each transaction, while beneficiary validation provides an added layer of assurance. Before completing the deposit, the customer receives confirmation of the beneficiary’s name via SMS, helping ensure that the funds are credited to the intended account
For customers, this means reduced travel time, simpler financial support and business payments, an assisted option for customers who may not be digitally savvy, and greater confidence through beneficiary validation and transaction confirmation. By extending the service to deeper Bharat, Three-Party Cash Deposit aims to bring formal cash deposit facilities closer to rural, semi-urban and underserved customers and supports broader financial inclusion.
The list of banks currently enabled for this service are Airtel Payments Bank, Bank of Baroda, Canara Bank, Fino Bank, IDFC FIRST Bank, Indian Bank, Indian Overseas Bank, IndiaPost Payments Bank, Karur Vysya Bank,Punjab National Bank, State Bank of India, Tamilnad Mercantile Bank, Union Bank of India, YES Bank. More Banks are expected to get enabled soon on the service in the upcoming months.
