rupay card
National Common Mobility Card – Update (December, 2020)
On December 28, 2020, PM Modi launched the National common Mobility Card. The National Common Mobility Card will allow passengers with RuPay debit card to be swiped for Metro level. Key Features of National Common Mobility Card The National Common ..
Month: Current Affairs - December, 2020
RuPay Contactless (Offline) feature
National Payments Corporation of India (NPCI) has recently rolled out RuPay Contactless (Offline) feature. The RuPay prepaid card was introduced by NPCI in the year 2014, to offer the feature of one card for all payments. Various features are being ..
Month: Current Affairs - December, 2020
What is National Common Mobility Debit (NCMC) card of Karnataka Bank?
Karnataka Bank Ltd. has launched the National Common Mobility Debit (NCMC) card. It is the first-ever contactless debit-cum-prepaid Rupay Card of the bank and is an inter-operable transport card. This debit card has been launched in-line with the Ministry of ..
Month: Current Affairs - November, 2020
NPCI launches “Rupay Festive Carnival”
The National Payments Corporation of India (NPCI) launched ‘RuPay Festive Carnival’. What are the Key Features of Rupay Festive Carnival? The ‘RuPay Festive Carnival’ will give compelling advantage and interesting discounts to RuPay users. It aimed at contactless, motivating safe ..
Month: Current Affairs - October, 2020
Finance Minister announces Festival Advance scheme, LTC Cash Voucher Scheme
On October 12, 2020, the Finance Minister Nirmala Sitaraman Announced the Special Festival Advance Scheme and LTC Cash Voucher Scheme. The schemes were launched to boost the demand in the country. In all, the GoI has allocated Rs 73,000 crores ..
Month: Current Affairs - October, 2020
NPCI launched Pai: An Artificial Intelligence Virtual Assistant
On May 27, 2020, the National Payment Corporation of India launched Artificial Intelligence based chatbot called Pai. The Chatbot aims to increase financial inclusion in India. Highlights The PAI can be accessed 24/7. It provides information about NPCI products. The ..
Month: Current Affairs - May, 2020
BHIM UPI goes global: Demonstrated at Singapore FinTech Festival
As a first step towards internationalization, a global pilot demo of BHIM UPI QR-based payments began on 13 November 2019 with a live transaction at merchant terminal at the Singapore FinTech Festival 2019. The Indian contingent with participation of 43 ..
Month: Current Affairs - November, 2019
India, Saudi Arabia signs MoU to launch RuPay card in kingdom
During Prime Minister Narendra Modi’s recent visit to the kingdom of Saudi Arabia, India has signed an agreement with the Saudi Arabia to launch the RuPay card in the country. A Memorandum of Understanding (MoU) was also signed between the ..