Visa Current Affairs, GK & News

Neobank: India’s 100th Unicorn Start-up

May 6, 2022

Open, a Bengaluru-based neobank platform has become the 100th unicorn start-up in India. What is the valuation of Open? The start-up has raised fresh funds that increased its valuation to USD 1 billion. The new investment round to raise funds was led by IIFL, a Mumbai-based investment firm along with the existing investors, Temasek, Tiger ..

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Suspension of Card Services in Russia

March 8, 2022

Due to US sanctions imposed on Moscow as a result of the ongoing crisis in Ukraine, American card network operators Mastercard, Visa, and American Express have suspended their services in Russia. Overview: Any cards that have been issued globally by banks on these networks will not work in Russia at point-of-sale terminals or ATMs as ..

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America Competes Act of 2022

January 28, 2022

The recently legislated America Competes Act of 2022 to open new doors for the talented experts from all over the world. COMPETES means Creating Opportunities for Manufacturing, Pre – Eminence in technology and Economic strength Act. The main aim of the act is to make the supply chains stronger. Key Features of the Act The ..

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Henley Passport Index – Update (January, 2021)

January 12, 2021

The Henley Passport Index was launched by the International air Transport Association. Around 227 different travel destinations are considered to launch the index. The index is released based on the number of destinations the holders can access without visa. What are the Key findings of Henley Passport Index? Nepal at rank 104 and Pakistan at ..

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Travel Restrictions

March 21, 2020

India recently suspended all visas, except certain categories, till April 15. Restrictions on international flights are to come into effect on March 22nd. Inbound Passengers’ Restriction Passengers from the following countries won’t be brought into India by airlines: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Hungary, Ireland, Italy, ..

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UK launches its new Points-based visa system

February 20, 2020

The United Kingdom’s Home Secretary Priti Patel recently announced the launch of the country’s new Points-based visa system. The system provides visas to only those persons who gain required points. It aims at attracting the high-skilled employees from around the world and cutting down incoming low-skilled labourers. The new system is expected to come into ..

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