Payment Solutions Current Affairs, GK & News

Unified Payments Interface becomes operational

August 29, 2016

The National Payments Corporation of India (NPCI) has announced that Unified Payments Interface (UPI) application has become operational. The application will allow customers to make easier real-time payments via digital means using smartphones. Key Facts The payment gateway became operational after it received the Reserve Bank of India’s clearance that allowed banks’ UPI applications to ..

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Airtel acquires YTS for mobile payment solutions

August 4, 2015

India’s largest telecom operator Bharti Airtel has acquired YTS Solutions a mobile payments solutions company for an undisclosed price. YTS Solutions will be integrated with the operations of Airtel Money Services Ltd a subsidiary of Airtel. This acquisition will help Airtel to expand its footprint in the payments sector by integrating business capabilities and unique ..

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