- Union Bank introduces voice-over compatibility and gesture-based navigation in its Digital Rupee app.
- The app is fully functional on iOS and Android, making digital transactions accessible for all.
What happened: Union Bank enhances digital rupee app
Union Bank of India has introduced significant accessibility features in its Central Bank Digital Currency (CBDC) application, known as the Digital Rupee. This initiative marks the bank as the first public sector bank to offer such inclusive functionality, highlighting its commitment to financial inclusion and innovation. The app now includes voice-over compatibility and gesture-based navigation, enabling visually impaired users to navigate effortlessly. A. Manimekhalai, the MD & CEO of Union Bank, emphasised that these enhancements break barriers and ensure that cutting-edge technology is available to all.
This move not only empowers differently abled individuals but also encourages broader participation in the digital economy. By facilitating easier access to digital transactions, Union Bank supports the government’s vision of a less-cash economy, reducing costs associated with physical currency while promoting secure digital transactions. Overall, this initiative is a positive step towards inclusivity in the financial sector.
Also read: Mastercard and Bank of Punjab drive financial inclusion in Pakistan
Also read: Brevan Howard and Galaxy Digital reap gains from crypto surge
Why this is important
The introduction of accessibility features in Union Bank of India’s Digital Rupee app signifies a pivotal moment in the intersection of technology and financial inclusivity. By enhancing user experience for differently abled individuals, Union Bank not only sets a precedent for other public sector banks but also aligns with global trends advocating for inclusive digital finance. According to the World Bank, approximately 1 billion people worldwide live with disabilities, many of whom are excluded from financial services due to inaccessible technology.
Moreover, this initiative supports the Reserve Bank of India’s broader strategy to promote digital currency as a viable alternative to cash. As financial services increasingly shift online, making digital platforms accessible is crucial for fostering economic participation among all demographics. A. Manimekhalai, MD & CEO, stated, “We are breaking barriers and ensuring that the benefits of cutting-edge technology are available to all.” This proactive approach not only enhances Union Bank’s reputation but also encourages other financial institutions to prioritise inclusivity, ultimately leading to a more equitable digital economy.
