UPSC CURRENT AFFAIRS – 6 December 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. …
Source: DD News Context: The Reserve Bank of India (RBI) has increased the wallet limit for UPI Lite from ₹2,000 to ₹5,000 and raised the transaction limit for offline payments from ₹500 to ₹1,000. About UPI Lite: Launched In: UPI Lite was introduced in 2022. Developed By: National Payments Corporation of India (NPCI). Features: On-Device …
GS Paper 3 Syllabus: Banking/ Financial Inclusion Source: PIB, Forbes, PIB Context: In January this year, about eight billion (800 crores) transactions worth nearly $200 billion (Rs. 2 lakh crores approximately) were carried out on the Unified Payment Interface (UPI) What is Digital Payment System? A digital payment sometimes called an electronic payment, is …
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