NPCI Current Affairs, GK & News

NPCI

NPCI or National payments Corporation of India is a non-profit company for operating retail payments in India. It was established under the Payments and Settlement Systems Act, 2007 in the year 2008. It is an initiative of RBI and the Indian Banks Association. It is headquartered in Mumbai. Bharat Bill Payment System, RuPay, BHIM, UPI, ..

RBI Positive Pay System

The Reserve Bank of India is to introduce “Positive Pay System” from January 1, 2021 for cheque transactions above Rs 50,000. This is to be done to enhance safety and eliminate frauds. What is Positive Pay System? It is a process of reconfirming key details of large-value cheques. The large value cheques are those where ..

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RuPay Contactless (Offline) feature

National Payments Corporation of India (NPCI) has recently rolled out RuPay Contactless (Offline) feature. The RuPay prepaid card was introduced by NPCI in the year 2014, to offer the feature of one card for all payments. Various features are being added to the card since then. Key Features of RuPay Contactless The new feature called ..

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NPCI launches “Rupay Festive Carnival”

The National Payments Corporation of India (NPCI) launched ‘RuPay Festive Carnival’. What are the Key Features of Rupay Festive Carnival? The ‘RuPay Festive Carnival’ will give compelling advantage and interesting discounts to RuPay users. It aimed at contactless, motivating safe and cashless payments. RuPay cardholders can revel in celebrations by helping attractive offers. The card ..

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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 queries can be sent by the users through text or voice. In order to send ..

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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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