IMPS
UPI transactions at record 1.49 billion in July
In the first such case, the Unified Payments Interface based transactions have reached the highest ever tally of 1.49 billion in the month of July whereas the total value of transactions has reached the lifetime high of Rs 2.9 lakh ..
Tags: BBPS • FASTag • IMPS • National Payments Corporation of India • Unified Payments Interface
Month: Current Affairs - August, 2020
NPCI launched Pai: An Artificial Intelligence Virtual Assistant
On May 27, 2020, the National Payment Corporation of India launched Artificial Intelligence based chatbot called Pai. The Chatbot aims to increase financial inclusion in India. Highlights The PAI can be accessed 24/7. It provides information about NPCI products. The ..
Tags: Artificial Intelligence (AI) • BharatQR code • FASTag • IMPS • RuPay
Month: Current Affairs - May, 2020
Update : Digital Transactions in India
India’s largest bank, the State Bank of India, has waived the NEFT and RTGS transactions on the payments carried on the internet and mobile banking from July 1. This comes on the heels of an earlier Reserve Bank of India ..
Tags: Digital transactions • IMPS • MDR • Payments • RTGS
Andhra Bank launches IMPS for money transfer
Andhra Bank has launched Immediate Payment Service (IMPS) at all its branches across the country to provide inter-bank electronic fund transfer service. The customer-friendly service was launched by Andhra Bank in association with the National Payments Corporation of India (NPCI). ..
Tags: Banking • Current Affairs 2016 • IMPS • IT services