Unified Payments Interface Current Affairs, GK & News
NPCI launches “UPI-Help”
The umbrella entity of the digital payments in India called “National Payments Corporation of India (NPCI)” has launched the “UPI-Help” on the BHIM UPI Application. UPI-Help will act as the grievance redressal mechanism on the BHIM application for the users. Highlights The application will help the users to check the status of pending transactions and ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Bharat Interface for Money • BHIM App • Grievance Redressal Mechanism • National Payments Corporation of India (NPCI) • Unified Payments Interface • UPI-Help
UPI transactions at record 1.49 billion in July
In the first such case, the Unified Payments Interface based transactions have reached the highest ever tally of 1.49 billion in the month of July whereas the total value of transactions has reached the lifetime high of Rs 2.9 lakh crore. This proves more people trust this platform and also the individual transaction value is ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs
Topics: BBPS • FASTag • IMPS • National Payments Corporation of India • Unified Payments Interface • UPI
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 queries can be sent by the users through text or voice. In order to send ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs
Topics: Artificial Intelligence (AI) • BharatQR code • FASTag • IMPS • NPCI • RuPay • rupay card • Unified Payments Interface
Benchmarking India s Payment Systems
The Reserve Bank of India (RBI) report “Benchmarking India s Payment Systems” provides a comparison of the payment ecosystem in India with the payment systems and usage trends in other major countries. Findings of the Report Even though there was robust growth in the volume of retail electronic transactions amid a strong regulatory framework, India ..
Topics: Bharat Bill Payment System • BRICS • Demonetisation • Payment systems • Point of Sale Terminals • RBI • Reserve Bank of India • Unified Payments Interface • UPI
ETMONEY becomes India’s first financial services app to integrate UPI
ETMONEY, India’s largest app for financial services has integrated UPI (Unified Payment Interface) as a payment method on its platform as it looks to double its monthly user base by the end of the year. The integration of UPI will simplify the mutual fund payment experience for millions of ETMONEY users as the company continues ..
Topics: Banking in India • Debit card • Economy • Financial services • Interbank networks • Mobile payments • Mobile payments in India • Money • NETS • Payment systems • Unified Payments Interface