CURRENT AFFAIRS

Detailed explanation-1: -Internet search giant Google on Monday launched its Unified Payments Interface (UPI)-based digital payment service by the name ‘Tez ’.

Detailed explanation-2: -Sujith Narayanan is the co-creator of Google Tez along with Sumit. Sujith is a veteran payments executive and has an enviable experience in the domain of financial services.

Detailed explanation-3: -The correct answer is Google. Google has launched its Unified Payments Interface (UPI)-based digital payment service by the name ‘Tez’.

Detailed explanation-4: -On November 22, 2010, NPCI launched Immediate Payment Services (IMPS) to offer an instant, 24-hour×7, interbank electronic fund transfer service through mobile phones.

Detailed explanation-5: -Oxigen wallet is the first-ever e-wallet in India, launched in July 2004. In 2006, the media firm Times Group, in association with YES Bank, introduced Wallet365.com. But, the use of digital wallets picked up pace after the launch of Mobikwik in 2009.