Page-3 of Payment systems Current Affairs, GK & News

ETMONEY becomes India’s first financial services app to integrate UPI

ETMONEY, India’s largest app for financial services has integrated UPI (Unified Payment Interface) as a payment method on its platform as it looks to double its monthly user base by the end of the year. The integration of UPI will simplify the mutual fund payment experience for millions of ETMONEY users as the company continues ..

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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 ..

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A third of Scottish banks lost

Since 2010, around a third of the scottish banks have been closed. This raises concerns about people’s access to cash. An analysis found that 610 banks were closed between 2010 and 2018. Edinburgh has most of the banks closed, cutting the numbers from 135 to 30. With the rise in digital payments, cash is still ..

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Induslnd Bank launchs India’s first interactive credit card with buttons

Induslnd Bank has recently launched the India’s first interactive credit card with buttons called the IndusInd Bank Nexxt Credit Card. The card provides customers with the flexibility of 3 payment options at a Point of Sale (POS) terminal – credit, converting transactions into EMIs with 4 tenure options (6, 12, 18 and 24 months) or ..

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Reliance Industries receives India’s first Letter of Credit (LC) payment via blockchain

HSBC Holdings Plc has executed India’s first trade financial transaction using blockchain for a deal involving an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) reduces transaction timeline from 7-10 days to less than a day. The Letter of Credit (LC) was issued by ING Bank for ..

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