CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank allowed UPI transactions for inbound G-20 travellers?
A
SBI
B
PNB
C
BOB
D
RBI
Explanation: 

Detailed explanation-1: -Delegates from G20 countries can also avail this facility at various meeting venues. To begin with, ICICI Bank, IDFC First Bank and two non-bank PPI issuers, Pine Labs Private Limited and Transcorp International Limited will issue UPI linked wallets, RBI said.

Detailed explanation-2: -The Reserve Bank of India (RBI) has introduced new rules regarding the charges applicable to transactions made through the Unified Payments Interface (UPI) system. According to the new rules, UPI transactions over Rs. 2, 000 made through a prepaid payment instrument (PPI) will attract PPI merchant charges.

Detailed explanation-3: -It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union (EU).

There is 1 question to complete.