CURRENT AFFAIRS

Detailed explanation-1: -Kotak Mahindra Bank recently launched its ‘Veer’ credit card in partnership with the National Payments Corporation of India (NPCI). This is the first credit card that the private lender has introduced on the RuPay platform.

Detailed explanation-2: -ICICI Bank partners with NPCI to introduce RuPay credit cards. ICICI Bank has announced about its partnership with National Payments Corporation of India (NPCI) to introduce a range of credit cards on RuPay.

Detailed explanation-3: -NEW DELHI: IndusInd Bank on Monday announced a strategic partnership with Rupyy – a new age digital lending platform offering 100% paperless loan processing. Rupyy is the fintech arm of the Jaipur-based Girnarsoft Pvt. Ltd. which houses brands like CarDekho, BikeDekho, Zigwheels, Powerdrift, among others.

Detailed explanation-4: -NPCI has also launched the ‘UPI 123Pay’ facility for feature phones. National Payments Corporation of India today launched UPI (Unified Payments Interface) payments via credit cards on the RuPay network.

Detailed explanation-5: -Paytm Payments Bank Limited (PPBL) in collaboration with the National Payments Corporation of India (NPCI) has introduced RuPay Credit Card on UPI.