Electronic funds transfer Current Affairs, GK & News
The Reserve Bank of India has announced that the National Electronic Funds Transfer (NEFT) facility will be available round-the-clock basis from December 2019. At present NEFT payment system operated by the Reserve Bank as a retail payment system is available for customers from 8 AM to 7 PM on all working days of the week ..
Topics: Banking • Banking in India • E-commerce in India • Economy • Electronic funds transfer • Financial services • National Electronic Funds Transfer • NEFT • Payment and settlement systems in India • Payment system • Real Time Gross Settlement • Reserve Bank of India • RTGS • Wire transfer
PhonePe, the online payment service provider, has partnered with Indian Oil Corporation Limited (IOCL) to deploy its own Point of Sale (POS) payment terminals across all IOCL retail outlets nationally. As part of the pilot program, PhonePe PoS devices have already been installed at 30 IOCL outlets. The device will allow IOCL customers to pay ..
Prime Minister Narendra Modi has launched Umang mobile application, an integrated platform for government to citizen services, on November 23, 2017. The acronym of Umang stands for ” Unified Mobile Application for New-age Governance”, which has been developed by the Ministry of Electronics and Information Technology (MEITY). Currently, the app will host around 162 services ..
Topics: Aadhaar • Cashless society • DigiLocker • E-government • Economy • Electronic funds transfer • Government of India • Ministry of Communications and Information Technology • Mobile payments • Online payments • Payment systems • UMANG
Andhra Pradesh state power discoms become India’s first state-owned discoms to accept payments through Bharat QR
Andhra Pradesh’s Eastern Power Distribution Company Ltd (EPDCL) and the Southern Power Distribution Corporation of AP Ltd. (SPDCL) have become the India’s first state-owned distribution companies to accept payments through Bharat QR. The Bharat QR is the world’s first interoperable quick response code acceptance solution launched by the Reserve Bank of India (RBI). It is ..