Digital Payment Current Affairs, GK & News
World Bank Global Findex Database 2021
World Bank recently released the “Global Findex Database 2021”. As per report, account ownership has increased worldwide. Key Findings of the report Report notes that, three out of four adults are having a financial account today. Despite that, 1.4 billion adults have no bank account. In developing countries; wage payment, from private sector or government ..
Month: Current Affairs - July, 2022
Category: International / World Current Affairs • Reports & Indexes Current Affairs
Topics: Digital Payment • Financial inclusion • Global Findex Database 2021 • Unbanked Adults • World Bank • World Bank Global Findex Database 2021
RBI’s Digital Payment Index
The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online transactions was 304.06 in September 2021. It was 270.59 in March 2021. In September 2020, ..
Month: Current Affairs - January, 2022
Category: Reports & Indexes Current Affairs
Topics: Demand and Supply • Digital Payment • Digital Payment Index • Digital Payments • Digital Payments Index • Digital Payments Index (RBI-DPI) • Foreign exchange • Foreign exchange reserves • National Payments Corporation of India (NPCI) • NPCI • Payment Infrastructure Development Fund • Point of sale • Reserve Bank of India (RBI)
‘HARBINGER 2021 – Innovation for Transformation’ – RBI’s first global hackathon
Reserve Bank of India (RBI) is set to organise its first global hackathon called ‘HARBINGER 2021–Innovation for Transformation’ focusing on digital payments. Key Points The global hackathon will be organised under theme of ‘Smarter Digital Payments’. It will witness participants to identify and develop solutions which can be used: To make digital payments accessible to ..
Month: Current Affairs - November, 2021
Category: Economy & Banking Current Affairs - 2022 • Summits and Conferences
Topics: 'HARBINGER 2021 - Innovation for Transformation' - RBI's first global hackathon • Digital Payment • Reserve Bank of India (RBI)
e-RUPI Digital Payment Solution- Key Facts
Prime Minister Narendra Modi is to launch “e-RUPI Digital Payment Solution” on August 2, 2021. e-RUPI is an e-voucher-based payment solution. Highlights e-RUPI initiative will be launched to limit touch points between government and beneficiary. Platform will also ensure that benefits reach its intended beneficiaries in a targeted and leak-proof manner. e-RUPI is a one-time ..
Month: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Digital Payment • Digital Payment Solution • e-RUPI Digital Payment Solution • Narendra Modi • National Payment Corporation of India • Working Mechanism of e-RUPI
Postpaid Mini: Paytm launches small ticket loans
Digital payments and financial services platform, Paytm, have launched “Postpaid Mini” service for users on July 5, 2021. About Postpaid Mini service Postpaid mini service was launched in partnership with Aditya Birla Finance Ltd. It is an extension of Paytm’s “Buy Now, Pay Later service”. It seeks to driving affordability amongst people who are new ..
Month: Current Affairs - July, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Digital Payment • Instant credit system • Interest Free Loan • Paytm • Postpaid Mini service
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 - 2022
Topics: Digital Banking • Digital Payment • Payment Infrastructure Development Fund • Reserve Bank of India • Reserve Bank of India (RBI)