Digital Payment Current Affairs, GK & News

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

RBI Digital Payments Index

The Reserve Bank of India recently released the Digital Payments Index to measure the growth in cashless transactions in India. What are the parameters of the Digital Payments Index? The Digital Payments Index comprises of five broad parameters. These parameters have different weight to measure the penetration of digital payments in the country. The parameters ..

Month: 

Category: 

Topics: 

RBI releases Vision Document (2019-2021) for e-Payment System

The Reserve Bank of India (RBI) has released a vision document to ensure a more convenient, affordable, quick, safer and secure e-payment system. The RBI’s vision document is titled ‘Payment And Settlement Systems In India: Vision 2019 – 2021’ Key Highlights about Vision Document Reason: The vision document is released on a pretext that as ..

Month: 

Category: 

Topics: