NPCI Current Affairs - 2019

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RBI Eases Business Guidelines for White Label ATMs

The Reserve Bank of India (RBI) has eased business guidelines for white label ATMs. These new guidelines increase the avenues of revenue earning for the white label ATMs. What are White Label ATMs? Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called White Label ATMs. These White Label ATMs provide Read More…

Month:  Categories: Business, Economy & Banking

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National Common Mobility Card

Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC), which can be used to make payments across public transport anywhere in the country, including Metro, bus and suburban railways, for toll and parking, and for retail like any credit or debit card. National Common Mobility Card The National Common Mobility Card (NCMC) was Read More…

Month:  Categories: Business, Economy & BankingUPSC

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NPCI launches UPI 2.0 with overdraft facility

National Payments Corporation of India (NPCI) has launched UPI 2.0, an upgraded and renwed version of Unified Payments Interface (UPI) by adding four new features to make it attractive and safer for users. These new features will allow users to link their overdraft account to UPI, creation of one-time mandates and pre-authorisation of transactions for Read More…

Month:  Categories: Business, Economy & Banking

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NPCI allows Whatsapp to beta test its payments service with limited users

The National Payments Corporation of India (NPCI) has allowed Facebook-owned WhatsApp to beta test its BHIM UPI beta payments service with limited user base of 1 million and low transaction limit.  Four banks will join social messaging app’s BHIM UPI model in phases and full feature product will be released after beta test is successful. Read More…

Month:  Categories: Business, Economy & Banking

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NPCI approves Spice Digitals operation under Bharat Bill Payment System

The National Payments Corporation of India (NPCI) has given a nod to Spice Digital Ltd. for processing bill payments under the Bharat Bill Payment System (BBPS) as a Bharat Bill Payment Operating Unit (BBPOU). Spice Money Ltd, a fintech company had received an in-principle approval to set-up as a BBPOU under the Payment and Settlement Read More…

Month:  Categories: Business, Economy & Banking

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NPCI gets RBI nod to operate Bharat Bill Payment System

The National Payments Corporation of India (NPCI) has received final nod from the Reserve Bank of India (RBI) to function as the Bharat Bill Payment Central Unit (BBPCU) and operate the Bharat Bill Payment System (BBPS). The final clearance from RBI comes almost a year after NPCI launched the BBPS pilot project to make payment Read More…

Month:  Categories: Business, Economy & Banking

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Prime Minister launches BHIM-Aadhaar platform

Prime Minister has launched BHIM-Aadhaar platform from Nagpur. BHIM-Aadhaar platform is the merchant interface of the BHIM App that has been launched for making digital payments using the Aadhaar platform. BHIM App was launched in December 2016 to provide a one-stop solution for all digital payments. The App created a new world record by registering Read More…

Month:  Categories: Government Schemes & Projects

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