CURRENT AFFAIRS

Detailed explanation-1: -Toshiaki Higashihara, President & CEO of Hitachi, Ltd ., Japan, said “Hitachi’s joint venture with SBI, will further contribute to the development of digital payments in India by building a state-of-the-art digital payments platform and leveraging SBI’s robust customer network.

Detailed explanation-2: -Cards (including RuPay Debit Cards) RuPay Debit Cards, developed by National Payments Corporation of India (NPCI) was launched by the Government of India to allow individuals to make payments digitally. To get a RuPay debit card, you can reach out to your bank and ask them to issue you one.

Detailed explanation-3: -Hitachi Payment Services’s competitors include Pine Labs, Flutterwave, Stripe, Xendit.

Detailed explanation-4: -Hitachi Payment Services was founded in 2008. How many employees are working in Hitachi Payment Services? Hitachi Payment Services employs 1,001 to 5,000 employees in India.

Detailed explanation-5: -UPI: Revolutionizing Digital Payments UPI is an instant payment system developed by the National Payments Corporation of India (NPCI). It powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments into one hood.