Digital Payment
What is Mission Har Payment Digital?
The Reserve Bank of India (RBI) has launched a new mission called “Har Payment Digital” as part of its efforts to make every Indian a user of digital payments. The initiative was launched during Digital Payments Awareness Week and aims ..
Month: Current Affairs - March, 2023
Category: Government Schemes Current Affairs
India-Singapore link Digital Payments UPI and PAYNOW
UPI is the mobile payment method in India. Similarly, PAYNOW is a mobile payment method in Singapore. The countries have planned to link these two mobile payment methods. The linking was done virtually inaugurated by the RBI Governor Shaktikanta Das ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2024 • International / World Current Affairs
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 ..
Month: Current Affairs - July, 2022
Category: International / World Current Affairs • Reports & Indexes Current Affairs
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 ..
Month: Current Affairs - January, 2022
Category: Reports & Indexes Current Affairs
‘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 ..
Month: Current Affairs - November, 2021
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 ..