Question : Who is current President of Nepal ?
a) Bidya Devi Bhandari
b) Sher Bahadur Deuba
c) Madhav Kumar Nepal
d) Arzu Rana
Ans :a
Related Facts :
- Nepal will be the first country to adopt India’s UPI system, which will play a pivotal role in transforming the digital economy of the neighbouring country
- NPCI International Payments Ltd (NIPL), the international arm of NPCI, has joined hands with Gateway Payments Service (GPS) and Manam Infotech to provide the services in Nepal.
- GPS is the authorised payment system operator in Nepal and Manam Infotech will deploy Unified Payments Interface (UPI) in that country.
- Nepal shall be the first country outside of India to adopt UPI as the payments platform driving the digitalization of cash transactions and furthering the vision and objectives of the Nepal Government and Nepal Rastra Bank as the Central bank
- About UPI :
- Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
- Immediate money transfer through mobile device round the clock 24*7 and 365 days.
- Single mobile application for accessing different bank accounts.
- Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to enter the details such as Card no, Account number; IFSC etc.
- Utility Bill Payments, Over the Counter Payments, QR Code (Scan and Pay) based payments.
- Donations, Collections, Disbursements Scalable.
- About NPCL:
- NPCI began its journey way back in 2008 with one product and today it has various innovative and unique digital payment products in its portfolio
- Today, NPCI has touched every layer of the society with one or the other products and doing exponentially well in domestic market.
- NPCI International Payments Limited (NIPL) has been incorporated (“Company”) on April 3, 2020 as a wholly owned subsidiary of National Payments Corporation of India (NPCI).
- NIPL is devoted for deployment of RuPay (domestic card scheme) and UPI (mobile payment solution) outside of India.
By Pawan Mishra
Links :
https://www.hindustantimes.com/world-news
https://www.npci.org.in/who-we-are/group-companies/npci-international
https://www.npci.org.in/what-we-do/upi/product-overview