Debit card Current Affairs, GK & News

National Common Mobility Card – Update (December, 2020)

On December 28, 2020, PM Modi launched the National common Mobility Card. The National Common Mobility Card will allow passengers with RuPay debit card to be swiped for Metro level. Key Features of National Common Mobility Card The National Common Mobility Card can be used at all transit locations. The card makes all new metro ..

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India’s First Online Waste Exchange Portal launched in Chennai

The Greater Chennai Corporation under the Smart City Mission has launched the first online waste exchange portal in the country, under which buyers and sellers of different kinds of waste will be connected. The first-of-its-kind online portal will allow the residents of Chennai to buy and sell recycled and reuseable products online. The portal will ..

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To promote Digital Payment, SBI plans to eliminate Debit Cards

To provide a flip to the government’s vision to increase digital payments in India, the largest bank in India, the State Bank of India (SBI) plans to eliminate plastic debit cards. What is happening? As per the chairman of SBI, the SBI plans to eliminate the debit cards to provide an impetus for its customers ..

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RBI constitutes high-level committee to review ATM charges

The Reserve Bank of India (RBI) has constituted a high-level committee under the chairmanship of VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review the entire gamut of ATM charges and fees. Key Highlights Background: There are around 2 lakh ATMs in India. At end of April 2019, there were over 88.47 crore debit ..

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Paytm which is a Noida-based e-commerce payment system and digital wallet company has launched an option of recurring payments for its merchants to enable recurring payments. It has also started its own subscription business at an annual fee of Rs 750 where consumers pay at regular intervals. Consumers can opt for recurring payments from Paytm ..

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