Page-2 of Interbank networks Current Affairs, GK & News
To promote digital transactions, the union cabinet has recently decided to bear the Merchant Discount Rate (MDR) applicable on digital payments via debit cards, etc., up to Rs 2,000. The MDR applicable on transactions made through debit cards, the Unified Payments Interface (UPI) and Aadhaar-Enabled Payments System (AEPS) up to and including a value of ..
Topics: Banking in India • Debit card • Economy • Finance • Interbank networks • Merchant account • Mobile payments • Mobile payments in India • Money • National Payments Corporation of India • Payment systems • Unified Payments Interface
The Union government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with national portal of electronic National Agriculture Market (e-NAM). At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards and net banking. Now, ICICI Bank will enable BHIM (Bharat Interface for Money) and ..
Tata Power has become the first power utility to introduce a QR code based bill payments system in India. The QR code linked to Unified Payments Interface (UPI) will be printed on the electricity bills. The customers can scan the QR code with BHIM app or any other UPI linked bank app and pay their ..
The government will launch Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to encourage people to move towards digital transactions by offering incentives. The government wants both consumers and merchants to shift to digital payment methods. Under Lucky Grahak Yojana, winners will be selected on a daily and weekly basis. Under Digi-Dhan ..
Category: Government Schemes Current Affairs
Topics: Aadhaar • AEPS • Banking in India • Economy of India • Finance • Financial services • Interbank networks • Mobile payments • Mobile payments in India • National Payments Corporation of India • RuPay • Unified Payments Interface
Finance Minister Arun Jaitley has asked banks to push for cashless transactions by promoting digital banking in mission mode. Post demonetisation, the government not only aims to weed out black money but also encourages digital payments to steer the Indian economy increasingly towards digital transactions. Banks have been advised to focus on alternative banking channels ..
Topics: Banking in India • Cashless society • Debit card • Digital currency • E-commerce • Economy • Financial services • Interbank networks • Mobile payments in India • Money • National Payments Corporation of India • Payment systems