Start learning 50% faster. Sign in now
The National Payments Corporation of India (NPCI) has set October 31 as the deadline for banks to activate offline transactions on RuPay cards, which will happen faster than a blink of an eye: at 500 milliseconds. By the end of the NPCI’s October 31 deadline, banks will have to be compliant with the National Common Mobility Card (NCMC) protocols — key to One Nation, One Card.RuPay cards not compliant will have to be re-carded. Also, existing RuPay card holders not having NCMC have to be given options to opt for it across customer touchpoints. Learn Along: National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA). NPCI Headquarters: Mumbai MD & CEO: Dilip Asbe National Common Mobility Card (NCMC) is an inter-operable transport card conceived by the Ministry of Housing and Urban Affairs of the Government of India. It was launched on 4th March 2019. The transport card enables the user to pay for travel, toll duties (toll tax), retail shopping and withdraw money.It is enabled through the RuPay card mechanism.
Consider the following statement:
I.               157 new nursing college will be established under this.
II.   Â...
Which insurance company has got SEBI’s approval for its initial public offering (IPO), paving the way for the fourth life insurer to be listed on the...
Which of the following conditions need to be met by an Issuer offering Initial Public Offer (IPO) at a stock exchange in IFSC?
(i)Â Â Â Â Â Â Â Â...
Which insurance company has launched ICICI Pru Gold, a new long-term savings product designed to enable customers to create an additional income stream...
According to the IFSCA Circular (August 2024), which of the following entities are affected by the extension of compliance deadlines for net worth and c...
What is the size of the loan corpus under the 'Vivad Se Vishwas 2.0' scheme for MSMEs launched in 2024?
Under the IFSCA (BATF) Regulations 2024, how long does the Authority have to process an application for relaxation of strict regulatory enforcement?
Which of the following are part of Market Infrastructure institutions?
Who has the power to make regulations under IFSCA Act?
What is the name of the new solution launched by PNB MetLife to help parents financially prepare for their children's future education?