CURRENT AFFAIRS

Detailed explanation-1: -Recently new apps and services, such as BHIM and UPI have been launched by the National Payments Corporation of India (NPCI). These services brilliantly blend the features of IMPS, making funds transfer seamless like never before.

Detailed explanation-2: -Money Transfer Services means the Transfer Send, Transfer Receive, stored value card and any other electronic transfer of money transactional services offered by MoneyGram under the trade name or service mark MoneyGram® or any other name, trade name or service mark MoneyGram may designate.

Detailed explanation-3: -Wise makes transferring money to India a breeze: Just tap in how much, and where to. Then make a local payment to Wise, whether it’s with a bank transfer, swift or your debit or credit card. And that’s it.

Detailed explanation-4: -Wise debit card and account details features are not available for Indian users.. This free account lets you send money in a number of currencies. Wise charges lower fees if you send large sums of money. The feature is not available for Indian users.

Detailed explanation-5: -Wise Payments Limited is approved by the Reserve Bank of India (RBI) for facilitating outward remittances from India under the guidelines set out by RBI in the FED Master Direction No.