QR code Current Affairs, GK & News
“DakPay” is an application launched by India post payment Bank as a part of its ongoing initiatives to provide digital financial inclusion to the country. The application was launched by the Union Minister for communications, law and Justice and electronics and information technology Sri Ravi Shankar Prasad. Key features The customers of India post payments ..
The Reserve Bank of India recently ordered payment system operators (PSO) from launching new proprietor QR code for transactions. The apex Bank asked the PSOs switch to at least 1 interoperable QR code. This is to to use the same QR code across multiple payment applications. This is being done by the Reserve Bank of ..
Category: Economy & Banking Current Affairs
The World Economic Forum began on January 21, 2020 in Davos. The highlight of the forum this year is over its initiative to plant 1 trillion trees in the next decade and also to equip 1 billion people with fourth industrial revolution. The forum has released a report on the role of passwords in cyber ..
Category: International Current Affairs
The Chief Election Commissioner of India, Sunil Arora addressed a press conference on Monday, 6th January 2020 and announced the dates for the 2020 Delhi Legislative Assembly election. The Date of Polling is on 8th February 2020 which will be followed by counting of votes on 11th February. The term of the sixth legislative assembly ..
On December 28, 2019, Finance Minister Nirmala Sitaraman announced that Merchant Discount Rate (MDR) will not be applicable on bank transactions made through RuPay and UPI platforms. Highlights The Finance Ministry has directed the banks to start campaigns to popularize UPI and RuPay debit cards. Also, the banking companies with an annual turnover more than ..