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NPCI launches ATM products; BBPS renamed Bharat Connect
The National Payments Corporation of India (NPCI) introduced new products to transform ATM infrastructure, including UPI interoperable cash deposits and digital banking units. Customers can now deposit cash at ATMs using UPI without a physical card. Additionally, RBI has rebranded the Bharat Bill Payment System to Bharat Connect, while open architecture ATMs will offer various banking services.