Digital Banking Current Affairs, GK & News
PayPal introduces digital Foreign Inward Remittance Advice (FIRA)
The Digital Payment service provider PayPal recently introduced Foreign Inward Remittance Advice. It is an automated process to obtain monthly foreign inward remittance advice. What is FIRA? It is a document that acts as a proof for all the payments and inward remittances from a foreign country. It is issued by banks in India. The ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs
Topics: Digital Banking • FIRA • MSME • PayPal • Remittance
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 ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs • Science & Technology Current Affairs
Topics: Axis Bank's WhatsApp Banking • Digital Banking • Digital Payments • National Payments Corporation of India (NPCI) • Unified Payments Interface (UPI) • WhatsApp Banking
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 ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs • Legal & Constitution Current Affairs
Topics: Cyber Security incidents • Digital Banking • Digital transactions • Indian Computer Emergency Response Team (CERT-In) • Minister of State for the Electronics and IT • NCRB data on Cybercrimes
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 ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: Digital Banking • digital payment system • Payment Systems Vision document • RBI Governor Shaktikanta Das • Reserve Bank of India (RBI)
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 ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: Digital Banking • Digital Payment • Payment Infrastructure Development Fund • Reserve Bank of India • Reserve Bank of India (RBI)