CURRENT AFFAIRS

Detailed explanation-1: -NIPL (NPCI International Payments Limited), which deploys the RuPay and UPI payment systems outside India, is forging partnerships with countries like Singapore, UAE, Malaysia, France, BENELUX markets – Belgium, the Netherlands and Luxembourg – and Switzerland, among others, to use India’s payment systems.

Detailed explanation-2: -Its Email address is pravin.joganinpci.org.in and its registered address is 1001A, B Wing, 10th Floor, The Capital, Bandra - Kurla Complex, Bandra (East), Mumbai Bandra Suburban MH 400051 IN .

Detailed explanation-3: -Non Resident Indians (NRIs) in 10 countries can access UPI services for transactions without having to depend on their India phone number. The countries are Singapore, US, Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, UAE and UK.

Detailed explanation-4: -UPSC Mains Notes: Bhutan becomes the very 1st nation to adopt India’s UPI (Unified Payment Interface) standards for its quick response (QR) code mechanism. It is also the second country and first neighbouring country to accept India’s NPCI BHIM UPI at its merchant locations, after Singapore.