Current Affairs

GK MCQs Section

Topic: National Payments Corporation of India

RBI proposes for Cross-border inward payments through BBPS

Recently, the Reserve Bank of India proposed to allow Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments. This will help the Non-resident Indians (NRIs) who...

August 9, 2022

RBI Norms for Setting Up of Bharat Bill Payment Operating Units

The Reserve Bank of India has eased the norms for non-bank entities for setting up Bharat Bill Payment operating units by reducing the net worth that is required...

May 28, 2022

RBI: Cash Withdrawal via UPI

A cardless cash withdrawal facility has been made available at all ATMs by the Reserve Bank of India (RBI). This facility will be made available via the Unified...

April 11, 2022

What is Positive Pay System?

The guidelines for the implementation of the Positive Pay System were issued by the RBI for the banks of the country. From 1st January 2021, this system has...

April 7, 2022

UPI: 500-crore Milestone in Volume

In March 2022, India’s Unified Payments Interface (UPI) has crossed the 500-crore mark in terms of volume and in terms of value it was close to touching the...

April 2, 2022

RBI expands Scope of BBPS

Reserve Bank of India on has expanded the scope of Bharat Bill Payment System (BBPS) which will be effective from August 31, 2021. How scope has been expanded?...

June 15, 2021

RBI to set new QR code rules to change payment picture of India

The Reserve Bank of India recently ordered payment system operators (PSO) from launching new proprietor QR code for transactions. The apex Bank asked the PSOs switch to at...

October 28, 2020

NPCI International Payments Limited (NPIL): set up by NPCI for international market operations

The National Payments Corporation of India has set up ‘NPCI International’ to operate its international market of Unified Payment Interface, instant payment service, and its electronic payment card...

August 22, 2020

RBI formulated new regulations framework for Umbrella entity for retail payments

The Reserve Bank of India formulated a new framework for the establishment of a new umbrella entity for retail payments. According to RBI, the entity will be handed...

August 19, 2020

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...

August 4, 2020

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