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: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs
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
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
Topics: Digital Banking • Digital Payment • Payment Infrastructure Development Fund • Reserve Bank of India • Reserve Bank of India (RBI)
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: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: Digital Payment • Digital Payment Index • Digital Payments • Digital Payments Index • Reserve Bank of India (RBI)
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: Current Affairs - May, 2019
Category: Economy & Banking Current Affairs
Topics: Digital India • Digital Payment • e-Payment System • Empowering Exceptional E-payment Experience • Payment And Settlement Systems In India: Vision 2019 – 2021 • RBIs Vision Document (2019-2021) • Reserve Bank of India