International Banking Current Affairs, GK & News

NPIC to export UPI, sets up subsidiary: RBI Governor

The Unified Payment Interface was introduced in India in 2016. Based on its performance, Google has recommended similar service called FedNow to the US Federal Reserve Board. With its growing popularity, the RBI on December 16, 2019 announced that NPCI will set up a subsidiary to export UPI. India is already extending the app to ..

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GPI Tracker system: SWIFT broadens payment tracking capabilities

The SWIFT (Society for World Interbank Financial Telecommunication System) platform has expanded its GPI (Global Payment Innovation) Tracker system to help banks track their global transactions at all times and keep full vigil on payments activity. Key Facts From November 2018, GPI Tracker system i.e. unique end-to-end transaction reference will be included in all payment ..

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