Debit card: GK, Current Affairs, Questions, Trivia and News

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 ..

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 ..

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 ..

Kotak Bank unveils Debit Card-Based e-mandate On NPCI’s API Platform

Kotak Mahindra Bank has unveiled the first debit card-based authentication solution on National Payments Corporation of India’s e-Mandate API (Application Program Interface) platform. Kotak Mahindra Bank has become the first ever Destination Bank to go live with both Net Banking and Debit Card-based e-mandate authentication. The motive behind this is to allow Kotak customers to ..

Kotak Mahindra Bank becomes first Destination Bank to launch debit card-based e-mandate on NPCI’s API platform

The Kotak Mahindra Bank (KMB) has become the first Destination Bank to go live with Net Banking and Debit Card-based authentication solution on NPCI’s e-Mandate API platform. The facility will enable its customers to create electronic mandates (similar to the erstwhile eNACH with Aadhaar + OTP) via both the Debit Card and Net Banking channels. ..

ETMONEY becomes India’s first financial services app to integrate UPI

ETMONEY, India’s largest app for financial services has integrated UPI (Unified Payment Interface) as a payment method on its platform as it looks to double its monthly user base by the end of the year. The integration of UPI will simplify the mutual fund payment experience for millions of ETMONEY users as the company continues ..

Zimbabwe introduces its new currency ‘RTGS dollar’

Zimbabwe has recently introduced its new currency, dubbed as Real Time Gross Settlement (RTGS) dollar, after the Reserve Bank of Zimbabwe (RBZ) announced measures to try and resolve a chronic monetary crisis. The new currency replaces electronic bank savings called digital dollars and the bond notes, and was named after the RTGS system that banks ..

Payment Banks

Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI) to meet government’s financial inclusion target. It will be set up as a differentiated bank and will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services but cannot undertake lending services. Payments ..