Current Affairs

GK MCQs Section

Topic: Digital Payments

RBI Increases UPI Lite Wallet and Transaction Limits

The Reserve Bank of India (RBI) has raised the UPI Lite wallet limit from ₹2,000 to ₹5,000, which aims to encourage digital transactions. The new rules were announced...

December 6, 2024

India’s UPI Achieves Record Transactions in October

India’s Unified Payments Interface (UPI) reached a milestone in October 2024, recording 16.58 billion transactions in one month. This marks a 45% increase from the previous year. The...

December 4, 2024

What is Aadhaar Enabled Payment System (AEPS)?

The Aadhaar Enabled Payment System (AEPS) is transforming banking access in rural and semi-urban regions. It utilizes Aadhaar numbers and biometric authentication for seamless transactions. This system promotes...

November 26, 2024

Digital Payments Utsav

The Digital Payments Utsav is to be launched by the Ministry of Electronics and Information Technology. The main objective of the event is to create awareness of digital...

February 9, 2023

Reserve Bank of India-Digital Payments Index

The RBI constructed the Digital Payments Index to learn about digital payments in the country. The index is calculated based on five parameters namely Payment Enablers, Consumer centricity,...

February 3, 2023

BharatPe Gets Nod for ePayment Aggregator Licence

Fintech unicorn BharatPe recently announced that it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. The approval was granted...

January 11, 2023

RBI’s Launch of Utkarsh 2.0

The Reserve Bank of India (RBI) has launched Utkarsh 2.0, the second phase of its medium-term strategy for strengthening regulatory and supervisory mechanisms. Utkarsh 2.0 builds upon the...

January 2, 2023

UPI Reaches Record High in December

India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume...

January 2, 2023

Geo-Tagging of Payment System Touch Points

The framework that is related to geo-tagging of payment system touch points has been released by the Reserve Bank of India (RBI). Overview: This framework has been created...

March 28, 2022

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...

January 20, 2022

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