Transit Payments Partnership: Chennai MTC & NPCI
In January 2025, Chennai's Metropolitan Transport Corporation (MTC) joined forces with the National Payments Corporation of India (NPCI).
This strategic partnership aimed to introduce the 'RuPay on-the-go' system. The primary goal was to simplify and streamline transit payments for commuters using MTC services.
The collaboration leverages NPCI's RuPay network to offer a contactless and efficient payment solution for public transport in Chennai.
Important Questions from Banking
The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:
Which two entities collaborated to launch the FIRST EA₹N Credit Card?
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
What is the primary objective of the renewed partnership between SBI Payments and Pine Labs?
