Unified Payment Interface Current Affairs, GK & News

Razorpay- Mastercard launch MandateHQ payment interface

Payments solution provider Razorpay has partnered with Mastercard to launch ‘MandateHQ’. Key Points MandateHQ is a payment interface that will help card-issuing banks to enable recurring payments for customers. Razorpay aims to integrate MandateHQ with more than 50 banks in 12 months. In addition to Mastercard, Razorpay has also collaborated with three banks. It is ..

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Digital Payment Security Controls Direction

The RBI is to introduce digital payment security control directions for regulated entities to improve the security of digital payment channels and also to improve the consumer service. This announcement comes after the central bank temporarily barred the largest private bank, HDFC, from selling new credit cards or launching new digital banking initiatives due to ..

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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 and cashless payments. RuPay cardholders can revel in celebrations by helping attractive offers. The card ..

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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 of India is the apex organization to conduct operations related to retail payments and settlement ..

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PM CARES Fund set up

The PM CARES Fund was set up for collecting voluntary contributions for providing relief to those affected by COVID-19. About the Fund The PM CARES (Prime Minister’s Citizen Assistance and Relief in Emergency Situation) Fund was set up by the government under the chairmanship of the Prime Minister. It is a public charitable trust which ..

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