Get Started with ixamBee
Start learning 50% faster. Sign in now
Government of India has clarified that there is no plan to levy any charges for UPI services. In a series of tweets, Finance Ministry said, UPI is a digital public good with immense convenience for the public and productivity gains for the economy. The clarification came amid some reports that there may be possibility of UPI transactions charge. The Ministry said, the concerns of the service providers for cost recovery have to be met through other means. It said, the government had provided financial support for the Digital Payment ecosystem last year and has announced the same, this year as well to encourage further adoption of Digital Payments and promotion of payment platforms that are economical and user-friendly. BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the NPCI, based on the UPI.
Despite a decrease in agriculture exports, which position did India retain in global agriculture exports in 2023 according to the WTO?
BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the_______________________, based on the Unified Payments Interface (UPI).
Dubai opened the 'Infinity Bridge' for traffic for the first time. Why the bridge is named 'Infinity Bridge'?
What is the purpose of observing Swachhata Pakhwada in the Ministry of Railways?
The PM PRANAM scheme is associated with which sector?
Who was the Chairman of Hinduja Group and recently passed away in London?
Who is the first Indian swordsman to win a medal in the Asian Championships?
What is the underlying reason for SEBI's permission to allow stock brokers and clearing members to park client funds in mutual fund overnight schemes?
Which country won the Men’s Hockey World Cup 2023 title?
Which of the following statements is TRUE regarding the RBI's Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs) effective from...
