Unified Payment Interface Current Affairs, GK & News

Single-block-and-multiple debit in UPI

At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to be used when in need. He also announced the expansion of the scope of BBPS ..

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Launch of UPI in UAE

The international arm of the National Payment Corporation of India, NPCI International Payments Ltd (NIPL) has announced that across the UAE, BHIM UPI is live on NEOPAY terminals. Overview: This initiative will be empowering the millions of Indians who travel to the UAE to make payments in a convenient and safe manner. The payments can ..

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RBI: Cash Withdrawal via UPI

A cardless cash withdrawal facility has been made available at all ATMs by the Reserve Bank of India (RBI). This facility will be made available via the Unified Payment Interface (UPI) irrespective of the bank. Overview: This decision was made by the Monetary Policy Committee (MPC) of the RBI. All banks have been given permission ..

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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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