Current Affairs

GK MCQs Section

Topic: Cashless Economy

FIRSTAP – India’s First Sticker-based Debit Card

IDFC First Bank, in association with the National Payments Corporation of India (NPCI), recently launched FIRSTAP – India’s first sticker-based debit card. What is a sticker-based debit card?...

November 24, 2022

Digital Payments grew 30.19% during the Financial Year ended March 2021: RBI

RBI data has showed that digital payments in India have recorded a growth of 30.19% during the financial year which ended on March 2021, Highlights The newly constituted...

July 29, 2021

UPI to be launched globally after hitting One Billion transactions in October

The Government of India in its major boost towards cash less digital economy launched the Unified Payments Interface (UPI) channel. The transactions through the channel has reached One...

October 28, 2019

MOPAD: SBI launches unified payment terminal

India’s largest bank State Bank of India (SBI) has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments convenience of merchants and consumers. It aims at...

August 9, 2018

NITI Aayog signs SoI with Sushant Singh Rajput to promote Women Entrepreneurship Platform

NITI Aayog has signed Statement of Intent (SoI) with noted media personality and entrepreneur Sushant Singh Rajput to collaborate and support its flagship Women Entrepreneurship Platform (WEP) initiative....

May 26, 2018

Government to bear MDR charges on transactions up to Rs.2000

The Union Cabinet has decided that Government will borne Merchant Discount Rate (MDR) charges on transactions up to Rs. 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled...

December 16, 2017

NHAI launches MyFASTag and FASTag Partner mobile apps

The National Highways Authority of India (NHAI) launched two mobile Apps – MyFASTag and FASTag Partner in to facilitate the availability of FASTags for Electronic Toll Collection (ETC)...

August 18, 2017

PM launches cashless/less cash township models across 12 states

Prime Minister has launched 81 cashless/less cash townships across 12 states in Nagpur. The 81 townships included 56 in Gujarat and 25 in 11 states including Delhi, Gujarat,...

April 15, 2017

Government launches Bharat QR code

The Union Government has launched Bharat QR code, a quick response (QR) code to enable digital payments without card swiping machines. It is world’s first interoperable payment acceptance...

February 22, 2017

Union Cabinet approves ordinance to pay salaries by cheques

The Union Cabinet has approved a draft ordinance to empower states and allow industries to pay workers’ wages digitally, through a direct bank transfer to accounts or by...

December 22, 2016

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