CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

NPCI has partnered with which entity to enable UPI QR-based payments acceptance in 10 Asian markets?

A	High Radius
B	Liquid Group
C	Bill Trust
D	Banking Circle

Explanation:

Detailed explanation-1: -Singapore/Mumbai, 13 September 2021: NPCI International Payments Ltd (NIPL), the international arm of National Payment Corporation of India, has partnered with Liquid Group Pte.

Detailed explanation-2: -The NPCI has enabled UPI transactions from mobile numbers including USA, UK, Singapore, UAE and Australia. Non-resident account types like NRE/NRO that have international mobile numbers will now be allowed to transact with UPI, according to a notice by the National Payments Corporation of India (NPCI).

Detailed explanation-3: -Bhutan is the first country to adopt UPI standards for its QR deployment, and the first country in our immediate neighborhood to accept mobile-based payments through the BHIM App.

Detailed explanation-4: -UPSC Mains. Q. Which social media platform has received approval from the National Payments Corporation of India (NPCI), to enter UPI market? Notes: WhatsApp has received the National Payments Corporation of India’s (NPCI) approval to enter Unified Payment Interface (UPI) in phased manner.

There is 1 question to complete.