PM Modi awarded UAE’s Highest Civilian Award

Indian Prime Minister Narendra Modi was honored with the Order of Zayed which is the highest civilian award of the United Arab Emirates. He was awarded by the Crown Prince of UAE Mohamed bin Zayed Al Nahyan on 24th August, ..

Andhra Bank partners with Floatbot to launch AI chatbot “ABHi”

The Andhra Bank has partnered with Floatbot to offer an Artificial Intelligence-powered virtual assistant for online banking users. The AI chatbot named “ABHi” – made by Floatbot – is integrated with Core Banking Servers (CBS) of Andhra Bank and will ..

Nilekani Panel suggests measures to encourage Digital Payments

The Reserve Bank of India (RBI) appointed Nandan Nilekani committee has submitted its suggestions on measures to encourage digital payments in India to RBI Governor Shaktikanta Das. Background: In January 2019 the RBI had set up the five-member panel under ..

Month: Current Affairs - June, 2019

PM Modi launches a National Common Mobility Card (NCMC) in Ahmedabad

On 4th March, Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC) in Ahmedabad, Gujarat, which will function on the “One Nation One Card” model across the country. The NCMC is the India’s first indigenously developed payment platform ..

Union Cabinet approve an MoU between India and Singapore to constitute a Joint Working Group (JWG) on fintech

The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval to the Memorandum of Understanding (MoU) signed between India and Singapore in June 2018 on the constitution of a Joint Working Group (JWG) on FinTech. ..

PM Narendra Modi launches 3 Indian mobile payment apps in Singapore

Prime Minister Narendra Modi launched three Indian mobile payment applications BHIM, RuPay and UPI enabled remittance app of SBI in Singapore aimed at internationalisation of the country’s digital payment platforms. They were launched at ‘Business, Innovation and Community Event’ held ..

Month: Current Affairs - June, 2018

Dilip Asbe appointed as new Managing Director and CEO of NPCI

Dilip Asbe has been appointed as the new Managing Director and CEO of National Payments Corporation of India (NPCI). Prior to this, Asbe was CEO-in-charge of NPCI. He succeeded A.P.Hota, who retired in August 2017. Asbe has been in the ..

Airtel Payments Bank become India’s first payments bank to integrate UPI on its digital platform

The Airtel Payments Bank (APB) has become the India’s first payments bank to integrate the UPI on its digital platform. This will add to customer choice and convenience for making secure digital payments to online/offline merchants and making instant money ..

Govt to launch Lucky Grahak Yojana, Digi-Dhan Vyapar Yojana

The government will launch Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to encourage people to move towards digital transactions by offering incentives. The government wants both consumers and merchants to shift to digital payment methods. Under ..

Tripura to opt for cashless payment system in public transactions

Tripura Government has decided to opt for cashless payment system in public transactions beginning this New Year. To this effect, the government has initiated the process of opening bank accounts including RuPay cards for nearly 20% people who does not ..