- The MoU was signed to perform a real-time bank account payment system in India.
- The NIPL is an international payment arm of NPCI.
- Due to this partnership, the bank account holders in India will be able to receive cross-border money transfers immediately via UPI IDs.
- Therefore, millions of Indians will be able to receive funds across the world in a seamless and secure manner.
- They will work jointly to develop a robust and innovative payment infrastructure in the country for the people to receive cross-border payments.
- Static Part:
- CEO of NIPL: Ritesh Shukla
- HQ of NIPL: Mumbai
- HQ of Western Union: Colorado, US
Question:
Q.1 Which entity signed MoU with Western Union to enable people to receive cross-border payments in India?
a. NPCI International Payments Limited
b. Airtel Payments Bank
c. PayPal
d. Mastercard
a. NPCI International Payments Limited
b. Airtel Payments Bank
c. PayPal
d. Mastercard
