Digital Payments Current Affairs, GK & News
SBI Payments launch of ‘RuPay SoftPoS’
National Payments Corporation of India (NPCI) in association with the SBI Payments have announce to launch the ‘RuPay SoftPoS’ for millions of Indian merchants. This technology will be helpful in transforming the NFC enabled smartphones into merchant Point of Sale (PoS) terminals for retailers. About RuPay SoftPoS With the help of RuPay SOftPoS system, the ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Digital Payments • National Payments Corporation of India (NPCI) • RuPay • RuPay SoftPoS • SBI
Axis Bank Launches WhatsApp Banking
The Axis Bank has launched the WhatsApp Banking with the objective of helping and addressing the banking needs of its customers on March 3, 2021. The WhatsApp Banking will help the customer to use the bank anywhere and anytime on the chatting app. How this service can be availed? In order to avail the WhatsApp ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs • Science & Technology Current Affairs
Topics: Axis Bank's WhatsApp Banking • Digital Banking • Digital Payments • National Payments Corporation of India (NPCI) • Unified Payments Interface (UPI) • WhatsApp Banking
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 to set new QR code rules to change payment picture of India
The Reserve Bank of India recently ordered payment system operators (PSO) from launching new proprietor QR code for transactions. The apex Bank asked the PSOs switch to at least 1 interoperable QR code. This is to to use the same QR code across multiple payment applications. This is being done by the Reserve Bank of ..
Month: Current Affairs - October, 2020
Category: Economy & Banking Current Affairs
Topics: american express • Android • Digital Payments • Mastercard • mobile application • National Payments Corporation of India • QR code • Reserve Bank of India • visa card
2.2% of Digital Payment Market will be contributed by India by 2023: PwC Report
A study conducted by the Payments Council of India and management consulting group PricewaterhouseCoopers has estimated that around 2.2% of the world’s digital payments market will be controlled by India by the year 2023 and the financial value of such transactions should reach $12.4 trillion globally by the year 2025. The report, titled as ‘Empowering ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
Topics: Digital Payments • Payments Council of India • PricewaterhouseCoopers • PwC