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? A sticker-based debit card allows the user to make transactions by simply ..
Month: Current Affairs – November, 2022
Category: Economy & Banking Current Affairs - 2024
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 Digital Payments Index (RBI-DPI) in its report said that at the end ..
Month: Current Affairs - July, 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 Billion in the month of October Highlights The milestone has been achieved ..
Month: Current Affairs - October, 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 providing digital convenience to customers and ease of doing business for merchants ..
Month: Current Affairs - August, 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. In his new role, actor turned entrepreneur will support NITI’s initiative for ..
Month: Current Affairs - May, 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 payment systems (AePS) to promote digital transactions. It will be for two ..