National Payments Corporation of India (NPCI) Current Affairs, GK & News

Global Fintech Fest 2022

The Global Fintech Fest 2022 is organized to provide a platform to discuss ways to achieve sustainable finance. Key facts The GFF 2022 is jointly organized by National Payments Corporation of India (NPCI), the Payments Council of India (PCI) and the Fintech Convergence Council (FCC). It is being organized from September 19 to 22 this ..

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UPI: 6 billion transactions in July 2022

The National Payments Corporation of India (NPCI) recently released data on Unified Payments Interface (UPI). According to this, UPI crossed more than 6 billion transactions in July 2022. It is the highest since UPI platform was launched in 2016. Key Findings of the report: In July 2022, UPI recorded 6.28 billion transactions, accounting for Rs 10.62 trillion. ..

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What is WhatsApp banking? How does it work?

Recently, the State Bank of India launched its “WhatsApp Banking Services”. This service will help SBI customers to avail some of the banking services on WhatsApp. This will make banking easier for the customers as it will reduce the need of downloading the SBI app or going to ATM anymore. This service can be availed ..

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MSME RuPAY Credit Card- Phase 2

Union Minister for Micro, Small, and Medium Enterprises (MSMEs) launched the second phase of the MSME RuPay Credit Card with the National Payments Corporation of India (NPCI) and 4 banks- Kotak Mahindra Bank, Bank of Baroda, SBM Bank (India), and HDFC Bank. What are the benefits offered by MSME RuPAY Credit Card to MSME borrowers? ..

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Union Bank MSME RuPay Credit Card

On February 25, 2022, the Union Bank of India (UBI) launched “Union MSME RuPay Credit Card” in association with National Payments Corporation of India (NPCI). Key Facts The “Union MSME RuPay Credit Card” was launched to meet business related operational expenses of Micro, Small & Medium Enterprises (MSMEs). The Card comes with interest free credit up to ..

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India’s UPI Platform in Nepal

The first country to adopt India’s UPI system will be Nepal which will be critical in modernising the neighbouring country’s digital economy. Overview: To deliver the services in Nepal, NPCI International Payments Ltd (NIPL), NPCI’s international arm, has partnered with Manam Infotech and Gateway Payments Service (GPS). In Nepal, GPS is the authorized payment system ..

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