Unified Payments Interface (UPI) Current Affairs, GK & News

India-Singapore announces to link UPI and PayNow

India and Singapore have announced the linking of the Unified Payments Interface (UPI) and PayNow, in order to enable users to make instant, low-cost fund transfers. Highlights The project to link the fast payment systems of both the countries was announced by Reserve Bank of India (RBI) and Monetary Authority of Singapore (MAS). This linked ..

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UPI: 3.55 billion transactions in August

The Unified Payments Interface (UPI) by National Payments Corporation of India (NPCI) recorded more than 3 billion transactions in August 2021. Highlights More than 3 billion transactions were recorded for the second consecutive month in a row. This indicates the increasing trend of adoption of digital payments by consumers amid the Covid-19 pandemic. UPI recorded ..

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PhonePe- Flipkart to launch contactless ‘Scan and Pay’ feature

Digital payments platform PhonePe has tied hands with Flipkart to launch a contactless ‘Scan and Pay’ feature for Flipkart’s pay-on-delivery orders. Key Points Dynamic QR code solution of PhonePe will enable customers, to pay digitally through UPI Apps during the delivery of product, who earlier opted for cash on delivery. This feature will help in ..

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Axis Bank Launches WhatsApp Banking

The Axis Bank has launched the WhatsApp Banking with the objective of helping and addressing the banking needs of its customers on March 3, 2021. The WhatsApp Banking will help the customer to use the bank anywhere and anytime on the chatting app. How this service can be availed? In order to avail the WhatsApp ..

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