CURRENT AFFAIRS

Detailed explanation-1: -Paytm, India’s most popular digital payments portal has introduced a new mode of making payments offline called the Paytm Tap Card.

Detailed explanation-2: -An offline digital payment means a transaction which does not require internet or telecom connectivity. Under this new framework, such payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, mobile devices, etc.

Detailed explanation-3: -A transaction which does not need internet or telecommunication connectivity is referred to as an offline digital payment. Payment can be done face-to-face (proximity method) through any medium or instrument, such as cards, wallets, and mobile devices, in the offline mode.

Detailed explanation-4: -Offline payments are made via cash, checks, bank transfers, postal orders, or any other offline means besides online payment methods such as cards, online wallets, etc.

Detailed explanation-5: -Here’s how it goes. Step 01: Open your phone’s dialer and hit *99# USSD number and call. Step 02: From amidst the various features, you need to select “1” which is for “Send Money”. Step 03: Next up, enter the UPI ID that you want to pay for.