Question : Which of the following statement is incorrect regarding World’s largest virtual fintech event ?
(a)FCC, NPCI & PCI were the host of event
(b)FCC stands for — Fintech Convergence Council
(c)NPCI stands for — National Payments Council of India
(d)PCI stands for — Payments Council of India
Answer : (c)
Related facts
- World’s largest Global Fintech Fest held virtually on 22 July 2020.
FCC, NPCI & PCI were the host of event. - The key aim of the Global Fintech Fest is to restate India’s leadership in post Covid-19 world.
FCC
- Fintech Convergence Council (FCC) is formed under Internet and Mobile Association of India(IAMAI).
- IAMAI is a young & vibrant association with ambitions of representing the entire gamut of digital businesses in India.
NPCI
- The National Payments Corporation of India is an umbrella organisation for operating retail payments and settlement systems in India.
- National Payments Corporation of India (NPCI), enabling digital payments and settlement systems in India, is an initiative of RBI and IBA.
PCI
- The Payments Council of India was formed under the aegis of IAMAI in the year 2013 catering to the needs of the digital payment industry.
- It is an apex non-governmental body representing companies in payments and settlement system.
By Pankaj Pandey
Link:
https://www.thehindubusinessline.com/money-and-banking/fcc-npci-to-host-worlds-largest-virtual-fintech-event/article32152181.ece#
https://timesofindia.indiatimes.com/business/india-business/iamai-to-host-worlds-largest-virtual-global-fintech-fest/articleshow/76727684.cms
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