Question
Which of the following regulatory body has announced the
creation of a Rs. 500-crore Payments Infrastructure Development Fund (PIDF)?Solution
Reserve Bank of India (RBI) has announced the creation of a Rs. 500-crore Payments Infrastructure Development Fund (PIDF). The Payments Infrastructure Development Fund (PIDF) scheme had deployed more than 4.11 lakh PoS, mobile PoS, and other physical devices across the country as of April 30, 2022, according to the RBI. The scheme also had deployed 1,14,05,116 digital devices, including interoperable QR code-based payments such as UPI QR and Bharat QR.
What is GFCF?
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I- It helps prevent banks from using criminal networks.
II- KYC helps the ...
Which of the following is true about the Debit Card of the Banks?
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The 2024-2025 cycle of the global AI Safety Summit (AI Seoul Summit) was hosted in which country?
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What is the theme of RBI’s recently announced third cohort of Regulatory Sandbox?
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I- Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned...
