UPI Current Affairs, GK & News
Pilot phase of Open Network for Digital Commerce (ONDC)
Recently, the pilot phase of the open network for digital commerce (ONDC) was launched. Where is the pilot being conducted? The pilot is being conducted across five cities Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. It will be later launched in 100 cities over six months. What is Open Network for Digital Commerce (ONDC)? ONDC is ..
Month: Current Affairs - May, 2022
Category: Science & Technology Current Affairs
Topics: DPIIT • E-commerce • ONDC • UPI
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 ..
Month: Current Affairs - April, 2022
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Topics: BHIM UPI • Mashreq Bank • National Payment Corporation of India • NEOPAY • NPCI International Payments Ltd • UAE • Unified Payment Interface • UPI
UPI: 500-crore Milestone in Volume
In March 2022, India’s Unified Payments Interface (UPI) has crossed the 500-crore mark in terms of volume and in terms of value it was close to touching the Rs 10-lakh crore milestone. Overview: Around 540.56 crore payments have been processed by UPI in March amounting to Rs 9,60,581.66 crore. This data has been revealed by ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: National Payments Corporation of India • Unified Payments Interface • UPI • UPI platform
123PAY: UPI for Feature phones
On 8th March 2022, Reserve Bank of India (RBI) Governor Shaktikanta Das launched Unified Payments Interface (UPI) for feature phones called “UPI123Pay”. About UPI 123PAY UPI ‘123PAY’ is a three-step method to initiate and execute services for those who use feature phones. Except ‘scan and pay’ option, all other transactions can be done by feature ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: 123PAY • FAST Tag • Feature phones • UPI
India’s UPI Platform in Nepal
The first country to adopt India’s UPI system will be Nepal which will be critical in modernising the neighbouring country’s digital economy. Overview: To deliver the services in Nepal, NPCI International Payments Ltd (NIPL), NPCI’s international arm, has partnered with Manam Infotech and Gateway Payments Service (GPS). In Nepal, GPS is the authorized payment system ..
Month: Current Affairs - February, 2022
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Topics: Ministry of Finance • National Payments Corporation of India (NPCI) • Nepal • NPCI International Payments Limited • Reserve Bank of India • UPI
Digital Government Mission
The Digital Government Mission was launched by the Ministry of Electronics and Information Technology. The mission will deliver government services to the citizens. It will use machine learning and artificial intelligence to deliver the services. How will the mission work? It imbibes automatic processes. For instance, a student applying for scholarship will get an alert ..
Month: Current Affairs - January, 2022
Category: Government Schemes Current Affairs
Topics: Aadhaar • Artificial Intelligence (AI) • digital government mission • Digital India • E-governance • GST • Machine Learning (ML) • Ministry of Electronics and Information Technology • National Mission on Education through Information and Communication Technology • national open digital ecosystem • UPI