NEWS ROUND-UP FOR THE MONTH OF OCTOBER
( 02/10/2022 - 15/10/2022 )
To make getting access to loans & money management easier for individuals the PFRDA has permitted that data of subscribers be shared with Account Aggregators.
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India called for G-20 countries to adopt open source and inter-operable platforms like UPI and Aadhaar to promote inclusive digitisation across the world.
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The government wants to integrate all the various registers & databases and has moved a cabinet note to amend the Registration of Births and Deaths Act.
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As per a new report by Atlas VPN, as of 2022, Google Chrome has become the most vulnerable browser available.
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A total of 20.5 billion online transactions were carried out in the country in Q2 of 2022 using debit cards, credit cards, UPI, mobile wallets, prepaid cards with UPI having the largest share.
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The feedback is in response to comments sought towards an RBI discussion paper on charges on payment systems, by October 3. The paper has proposed introducing graded charges on payment services, including UPI transactions, to support and incentivise both users and service providers.
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The RBI will soon commence pilot launches of Central Bank Digital Currency (CBDC), referred to as Digital Rupee (e₹), for specific use cases. The e₹ will provide an additional option to the currently available forms of money.
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NPCI has recently introduced a feature enabling the linkage of RuPay credit cards to the unified payments interface (UPI) to enable use of the cards at Merchant outlets without the need for a PoS terminal. You can simply scan QR codes at merchant outlets and pay with the credit card via the UPI app.