Digital Banking Current Affairs, GK & News

Axis Bank Launches WhatsApp Banking

The Axis Bank has launched the WhatsApp Banking with the objective of helping and addressing the banking needs of its customers on March 3, 2021. The WhatsApp Banking will help the customer to use the bank anywhere and anytime on the chatting app. How this service can be availed? In order to avail the WhatsApp ..

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Digital Banking: Over 2.9 lakh Cyber Security incidents reported in 2020

The Minister of State for the Electronics and IT, Sanjay Dhotre, highlighted in a written reply to the Rajya Sabha that; more than 2.9 lakh digital banking cybersecurity incidents were reported in the year 2020. Cases of cyber incidents The data from the Indian Computer Emergency Response Team (CERT-In) reveals that, a total number of ..

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RBI to set up a 24×7 helpline for Digital Payment Services

The Governor of Reserve Bank of India, Shaktikanta Das, recently announced that the central bank will set up a 24*7 helpline platform in order to strengthen the digital payment services in India. This announcement was made through the Statement on Development and Regulatory policy. Highlights RBI has come up with many safety and security features ..

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Payment Infrastructure Development Funds

The Reserve Bank of India recently announced operational guidelines to Payment Infrastructure Development Funds. The main aim of the funds is to deploy more digital payment infrastructure across tier-3 to tier-6 centres and in the north eastern states. What are the guidelines issued by RBI? The Central Bank has constituted an advisory council under the ..

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DakPay of India Post Payment Bank

“DakPay” is an application launched by India post payment Bank as a part of its ongoing initiatives to provide digital financial inclusion to the country. The application was launched by the Union Minister for communications, law and Justice and electronics and information technology Sri Ravi Shankar Prasad. Key features The customers of India post payments ..

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