Question
_________ is the first country with which cross border
Person to Person (P2P) payment facility has been launched.Solution
Prime Minister Shri Narendra Modi and Prime Minister of Singapore, Mr. Lee Hsien Loong participated in the virtual launch of real time payment linkage between the Unified Payments Interface (UPI) of India and PayNow of Singapore. Shri Shaktikanta Das, Governor of Reserve Bank of India and Mr. Ravi Menon, Managing Director, Monetary Authority of Singapore made live cross-border transactions to each other using their respective mobile phones. Singapore is the first country with which cross border Person to Person (P2P) payment facility has been launched. This will help the Indian diaspora in Singapore, especially migrant workers/students and bring the benefits of digitalisation and FINTECH to the common man through instantaneous and low-cost transfer of money from Singapore to India and vice-versa. Acceptance of UPI payments through QR codes is already available in selected merchant outlets in Singapore.
RBI has proposed to revise the definition of bulk deposits as a ‘Single Rupee term deposit of _______’ for Scheduled Commercial Banks. Â
...Which is the top lentil-producing state in India (2024)?
Who is the head of the committee to recommend the analysis on QR codes for Payment System Operators (PSO)?Â
In which country was the 19th Summit of the Non-Aligned Movement (NAM) held, themed "Deepening Cooperation for Shared Global Affluence"?
4th edition of joint training exercise Al NAJAH is going to take place between Indis which Country?
Which of the following options is mostly caused by overpopulation?
Which two countries share the longest International border?
Which of the following country is the new member in the BRICS group of nations?
In which Indian state did over 50,000 people set a Guinness World Record by performing Surya Namaskar simultaneously at 108 venues?
Which of the following tests is used to confirm the presence of typhoid fever?
