CURRENT AFFAIRS

Detailed explanation-1: -Airtel Safe Pay will work for customers who have Airtel Payments Bank Savings Account linked with their Airtel mobile number. With Safe Pay, UPI and net banking payments can be authenticated at any online and offline merchant in the country.

Detailed explanation-2: -Airtel Payments Bank lets you shop at lacs of online and offline merchants using My Airtel app or other BHIM UPI enabled apps.

Detailed explanation-3: -Airtel Safe Pay is an additional layer of an authentication process that is put on top of two-factor authentication to make it safer for users to leverage Airtel Payments Bank for transacting money. Airtel Safe Pay ensures that whenever money is transacted out of your account, you are asked to approve the transaction.

Detailed explanation-4: -Airtel Money Pay can hold up to 300M on their merchant Wallets with Airtel. The costs and risks associated with Cash like robberies and theft are limited with Airtel Money pay. Airtel Money Pay transactions are fast, secure and instant.

Detailed explanation-5: -UPI stands for Unified Payments Interface. It is a single-window online payment system introduced by the NPCI (National Payments Corporation of India). UPI facilitates money transfers between different banks via a single payment platform, such as the Airtel Payment Bank UPI.