RBI’s Digital Payment Index

The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online ..

Tags: Demand and Supply • Digital Payment • Digital Payments • Foreign exchange • Foreign exchange reserves

Month: Current Affairs - January, 2022

Category: Reports & Indexes Current Affairs

Payment Infrastructure Development Funds

The Reserve Bank of India recently announced operational guidelines to Payment Infrastructure Development Funds. The main aim of the funds is to deploy more digital payment infrastructure across tier-3 to tier-6 centres and in the north eastern states. What are ..

Tags: Digital Banking • Digital Payment • Payment Infrastructure Development Fund • Reserve Bank of India • Reserve Bank of India (RBI)

Month: Current Affairs - January, 2021

RBI creates Payment Infrastructure Development Fund

On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of Rs 250 crores towards the funds. The rest of the fund is ..

Tags: Funds • Payment Infrastructure Development Fund • POS • RBI • RBIs Vision Document (2019-2021)

Month: Current Affairs - June, 2020