India, Dec. 16 -- The Government of India has issued a release:
National Urban Cooperative Finance and Development Corporation (NUCFDC) established as an Umbrella Organization (UO) of Urban Cooperative Banks, has launched the platforms - Sahakar DigiPay (UPI-based digital payments platform for Urban Co-operative Banks) and Sahakar DigiLoan (digital lending enablement platform); during the CoopKumbh held during 10th November, 2025. Platforms have been launched to provide RBI mandated technical, cyber-security, onboarding, and consumer protection standards. It aims at enabling Urban Co-operative Banks (UCB), irrespective of size, to adopt modern, compliant digital payment and lending systems on a cost-effective shared centralized infrastruct...