Page-3 of Digital Payments Current Affairs, GK & News

Tez: Google’s UPI-based digital payment service launched

Tech Giant Google’s Unified Payments Interface (UPI) based digital payment service Tez (meaning fast in Hindi) was launched by Union Finance Minister Arun Jaitley in New Delhi. With this, Google become latest international giant to enter into India’s fast growing digital payment ecosystem. Key Facts Google Tez is standalone payments application, available on Android and ..

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Government covers 14 SC, ST, OBC and DNT scholarship schemes under Digital Payments

The Government has stated that 14 scholarship schemes for Scheduled Castes and Other Backward Classes (OBCs) / Denotified, Nomadic and Semi-nomadic Tribes (DNTs) students come under Digital Payments Initiatives. This is expected to benefit 3.54 crore students across the country. As per the modalities of this initiative, all scholarship amount will be deposited in the ..

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President Pranab Mukherjee picks winner of Lucky Grahak and Digi Dhan Vyapar Yojanas

President Pranab Mukherjee has picked up lucky winners from the 100th draw of lots under the digital payments promotion schemes Lucky Grahak Yojana and Digi Dhan Vyapar Yojana. Total the six winners were selected — three consumers and three merchants of Lucky Grahak Yojana and Digi Dhan Vyapar Yojana. The winners will be felicitated by ..

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MEITY to promote digital transactions in place of NITI Aayog

The Union Government has shifted the responsibility of promoting digital transactions in the country to the Union Ministry of IT and Electronics (MEITY) from NITI (National Institution for Transforming India) Aayog. In this regard, Government already has changed the business transaction rules to enable MEITY to promote digital transactions, including digital payments. Key Facts This ..

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Government launches Bharat QR code

The Union Government has launched Bharat QR code, a quick response (QR) code to enable digital payments without card swiping machines. It is world’s first interoperable payment acceptance solution launched by Indian Government to move towards less-cash economy. Key facts Bharat QR code has been developed by jointly by National Payments Corporation of India (NPCI), ..

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