Online payments: GK, General Studies and Current Affairs

Finance Minister launches eBkray; an e-auction platform

On December 29, 2019, Finance Minister Nirmala Sitaraman launched “eBkray” to enable online auction of assets owned by banks. eBkray is an online portal that will act as a common platform to buy and sell assets through auction. Highlights The platform has property search features. It also has navigational links to the auction sites that ..

Google joins hands with Union Government for ‘Digital Payment Abhiyan’

Nasscom’s Data Security Council of India (DSCI) has recently collaborated with the Ministry of Electronics and Information Technology (MeitY) and Google India to launch a nationwide awareness campaign ‘Digital Payment Abhiyan’. The campaign will educate end-users on the benefits of making digital payments and urge them to adopt security and safety best practices. The pan-India ..

PayPal India launched One Touch for seamless transaction

PayPal India has launched its OneTouch experience in India by using Google Smart Lock. This feature will permit Indian consumers to register their android device with PayPal and stay logged into PayPal for further PayPal purchases on that device, thus removing the issue of repeated log-ins and enabling a seamless payments experience. It will provide ..

Paytm which is a Noida-based e-commerce payment system and digital wallet company has launched an option of recurring payments for its merchants to enable recurring payments. It has also started its own subscription business at an annual fee of Rs 750 where consumers pay at regular intervals. Consumers can opt for recurring payments from Paytm ..

Google Pay ties up with MMTC-PAMP India to launch gold buying feature

To make Google Pay more useful for Indian customers, Google has partnered with MMTC-PAMP India to introduce buying and selling of gold through the app. Through this partnership with India’s only London Bullion Market Association (LBMA)-accredited gold refinery, Google Pay users will be able to buy 99.99% 24-karat gold. Google Pay users can now purchase ..