CURRENT AFFAIRS

Detailed explanation-1: -Mastercard tieup with SBI Payments to boost digital payments infrastructure. Mastercard, as an extension of its flagship campaign ‘Team Cashless India’ along with State Bank of India Payments partnered with the in Lucknow, Guwahati and Varanasi.

Detailed explanation-2: -Targeting small and medium merchants of Tier two and three cities, payment technology major Mastercard launched its flagship ‘Team Cashless India’ campaign in the city to boost digital payments.

Detailed explanation-3: -Paytm, Amazon Pay and Pay Pal have emerged as popular fintech companies in the digital payment segment. These fintechs are slowly moving towards localizing their product by providing services in multiple Indian languages.

Detailed explanation-4: -UPI: Revolutionizing Digital Payments Launched in 2016, it has emerged as one of the most popular tools in the country for carrying out digital transactions. UPI is an instant payment system developed by the National Payments Corporation of India (NPCI).

Detailed explanation-5: -Financial services company Mastercard has announced badminton players Lakshya Sen, Kidambi Srikanth, Satwiksairaj Rankireddy and Chirag Shetty as brand ambassadors in India. The new ambassadors will partner with the company to spread awareness about the safety, security, and convenience of digital payments in India.