UPI cashless payments Launched

Textiles Minister Smt. Smriti Irani and DoNER Minister Dr. Jitendra Singh launch UPI cashless payments

Question: Recently the United Payments Interface (UPI), a cashless payments system has been launched at-
(a) Utrashree stall
(b) Megashree stall
(c) Purbashree stall
(d) None of these
Ans:(c)
Related facts:

  • On 28 November 2016 the United Payments Interface (UPI) cashless payments formally started at Purbashree stall at Dilli Haat, New Delhi.
  • Union Minister of Textiles Smt Smriti Irani and Minister of State for Development of North Eastern Region (I/C), Prime Minister’s Office, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh were present on the occasion.
  • The MDoNER took initiative to launch the e-vending and cashless transactions through United Payments Interface at Purbashree stall, a unit of the North East Handloom and Handicraft Development Corporation (NEHHDC), under the aegis of the Ministry.
  • In the UPI mode, customers could use their respective bank gateway apps (for e.g. SBI PAY for State Bank of India) and pay directly against purchases to the accounts of Purbashree from the convenience of their mobiles.
  • Thus MDoNER has proactively made this possible as an initiative to match with the need to make India a cashless society.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=154504