RuPay
Incentive scheme for promotion of RuPay Debit Cards
The Indian government has recently approved an incentive scheme worth Rs 2,600 crore to promote Rupay debit card and low-value BHIM-UPI transactions in the current financial year. The decision was made during a meeting of the Cabinet Committee on Economic ..
Category: Economy & Banking Current Affairs
Global Fintech Fest 2022
The Global Fintech Fest 2022 is organized to provide a platform to discuss ways to achieve sustainable finance. Key facts The GFF 2022 is jointly organized by National Payments Corporation of India (NPCI), the Payments Council of India (PCI) and ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • Important Days & Events Current Affairs
SBI Payments launch of ‘RuPay SoftPoS’
National Payments Corporation of India (NPCI) in association with the SBI Payments have announce to launch the ‘RuPay SoftPoS’ for millions of Indian merchants. This technology will be helpful in transforming the NFC enabled smartphones into merchant Point of Sale ..
Month: Current Affairs - March, 2021
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
RuPay Card Phase II jointly launched by India and Bhutan
On November 20, 2020, PM Narendra Modi and Bhutanese PM Lotay Tshering jointly launched RuPay card Phase II that will allow Bhutan citizens to access RuPay network in India. The phase I was launched in August 2019. Highlights The implementation ..
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
NPCI International Payments Limited (NPIL): set up by NPCI for international market operations
The National Payments Corporation of India has set up ‘NPCI International’ to operate its international market of Unified Payment Interface, instant payment service, and its electronic payment card scheme RuPay. What is the function of NPCI? The National Payments Corporation ..