Debit cards Current Affairs, GK & News
Finance minister: MDR charges not applicable for RuPay and UPI from 2020
On December 28, 2019, Finance Minister Nirmala Sitaraman announced that Merchant Discount Rate (MDR) will not be applicable on bank transactions made through RuPay and UPI platforms. Highlights The Finance Ministry has directed the banks to start campaigns to popularize UPI and RuPay debit cards. Also, the banking companies with an annual turnover more than ..
Topics: BHIM • Debit cards • Digital currency • digital economy • Merchant Discount Rate • NEFT • QR code • Union Finance Minister
PV Sindhu becomes an athlete member of Team Visa for Olympic Games Tokyo 2020
Payment technology company Visa has appointed world badminton champion Pusarla Venkata Sindhu (PV Sindhu) as its brand ambassador for two years. Besides promoting the brand through advertising campaigns, Sindhu has also become an athlete member of Team Visa for the Olympic Games Tokyo 2020. Visa has been supporting the Olympic Games as a worldwide sponsor ..
Topics: Debit cards • Economy • Financial District, San Francisco • Money • Olympic Games • P. V. Sindhu • Payment cards • Visa Inc.
PM Modi launches a National Common Mobility Card (NCMC) in Ahmedabad
On 4th March, Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC) in Ahmedabad, Gujarat, which will function on the “One Nation One Card” model across the country. The NCMC is the India’s first indigenously developed payment platform for transport that can be used to make payments across public transport anywhere in the ..
Topics: Debit cards • Economy • Financial services • Ministry of Urban Development • Money • More Card • National Common Mobility Card • RuPay • Stored-value card
RuPay cards will be acceptable at all PoS by January, 2013: NPCI
As per National Payment Corporation of India (NPCI), RuPay cards will be acceptable at all PoS (Point of Sales) terminals in the country from January, 2013. What are RuPay cards? RuPay card is a domestic debic card, launched by NPCI in April 2011. The card provides a platform to carry out electronic transactions at PoS ..
Month: Current Affairs - September, 2012
Topics: Banking in India • BharatQR • Credit card • Debit cards • Finance • Financial services • Interbank networks • Money • National Payments Corporation of India • Payment systems • RuPay • Visa Inc.