BHIM UPI Current Affairs, GK & News

Global Fintech Fest 2022

The Global Fintech Fest 2022 is organized to provide a platform to discuss ways to achieve sustainable finance. Key facts The GFF 2022 is jointly organized by National Payments Corporation of India (NPCI), the Payments Council of India (PCI) and the Fintech Convergence Council (FCC). It is being organized from September 19 to 22 this ..

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Launch of UPI in UAE

The international arm of the National Payment Corporation of India, NPCI International Payments Ltd (NIPL) has announced that across the UAE, BHIM UPI is live on NEOPAY terminals. Overview: This initiative will be empowering the millions of Indians who travel to the UAE to make payments in a convenient and safe manner. The payments can ..

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Scheme for promotion of RuPay Cards and low-value BHIM-UPI transactions

On December 15, 2021, Union Cabinet approved an incentive scheme of worth Rs 1,300 crore for promoting RuPay Debit Cards and low-value BHIM-UPI transactions. Key Points Under the scheme, low value BHIM-UPI transactions of up to Rs 2,000 will be promoted in India. Under this scheme, government will incentivise the acquiring banks by paying a ..

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NPCI extends BHIM UPI to Bhutan

Bhutan has become first country to adopt Unified Payment Interface (UPI) standards of India for its quick response (QR) code. Key Points Bhutan after Singapore has become the second country to have BHIM-UPI acceptance at merchant locations. International wing of the National Payment Corporation of India (NPCI) called NPCI International Payments Ltd. (NIPL) announced partnership ..

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BHIM UPI goes global: Demonstrated at Singapore FinTech Festival

As a first step towards internationalization, a global pilot demo of BHIM UPI QR-based payments began on 13 November 2019 with a live transaction at merchant terminal at the Singapore FinTech Festival 2019. The Indian contingent with participation of 43 companies and start-ups was one of the largest at Singapore FinTech Festival 2019 being held ..

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