UPI completes 10 years with key milestones, transaction growth, global reach, NPCI and RBI facts, and important exam-focused current affairs details for aspirants. A Decade of India’s Digital Payment Revolution The Unified Payments Interface, popularly known as UPI, has completed 10 years of operation, marking a major milestone in India’s digital payments journey. Launched on…
UPI charges for consumers will not apply as P2P payments remain free, while any future MDR may target limited merchant transactions. Know key facts for government exams. UPI Payments to Consumers Will Remain Free The Government of India has clarified that ordinary consumers will not have to pay charges for UPI transactions. The clarification comes…
UPI charges bill 2026 creates a framework for possible digital payment charges. Know the UPI Bill, MDR, NPCI, key provisions and exam-important facts. Lok Sabha Approves Changes Affecting UPI Payments The Lok Sabha has passed amendments to the Payment and Settlement Systems Act, 2007, opening the door for the government to permit banks and payment…
UPI MDR Charges Latest Update: Learn about the government proposal on Merchant Discount Rate for select UPI payments, its impact on digital payments, banking sector, and competitive exam preparation. Government Exam Current Affairs: Proposal to Change UPI Payment Framework The Government of India is considering a major policy change related to the Unified Payments Interface…
Favara UPI Cross Border Payment Corridor launched between India and Maldives enables instant digital payments and strengthens India Maldives financial cooperation. Know its importance for competitive exams. India and Maldives Strengthen Digital Financial Connectivity India and the Maldives have taken a significant step towards enhancing bilateral financial cooperation with the launch of the Favara-UPI Cross-Border…
OmniCard UPI based Flexi Benefits Wallet is India’s first digital employee benefit solution that enables tax-saving benefits through UPI payments. Learn about its features, significance, and exam-related facts for UPSC, Banking, SSC, Railways and other competitive exams. A New Milestone in India’s Digital Employee Benefits Ecosystem India’s fintech sector has witnessed another significant innovation with…
RBI Financial Inclusion Index 2026 rises to 70 in FY26, reflecting India’s progress in banking access, digital payments, financial literacy and inclusive growth. Learn key facts for UPSC, Banking, SSC and other government exams. Introduction The Reserve Bank of India (RBI) has announced that India’s Financial Inclusion (FI) Index increased to 70.0 in March 2026,…
International UPI real time FX settlement is set to transform cross-border digital payments as NPCI partners with HSBC India and J.P. Morgan Payments. Learn how the initiative works, its benefits, exam relevance, historical background, key takeaways, FAQs, and MCQs for UPSC, SSC, Banking, Railways, Defence, PSC, and other government exams. Introduction India’s digital payment ecosystem…
BHIM payments app transaction growth has become a major current affairs topic as the BHIM UPI app recorded nearly threefold growth in transaction volumes. Learn about NPCI, UPI, Digital India, financial inclusion, exam relevance, key facts, FAQs, and MCQs for UPSC, SSC, Banking, Railways, Defence, and State PSC exams. Introduction India’s digital payments revolution continues…
RBI Digital Fraud Compensation Framework explains the latest RBI rules on customer compensation, digital banking fraud reporting, shadow reversal, eligibility criteria, and key points for UPSC, Banking, SSC, Railways, Defence, and State PSC exams. RBI Strengthens Customer Protection Against Digital Fraud The Reserve Bank of India (RBI) has finalized a comprehensive Digital Fraud Compensation Framework…
