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Monday, December 4, 2023

4 December: International Day of Banks. Waiting for Safe ePayDay

 πŸŒ 4 December: International Day of Banks. Waiting for Safe ePayDay πŸŽ‰πŸŒ

On 19 December 2019, the UN General Assembly made a momentous decision, adopting resolution 74/245 to designate 4 December as the International Day of Banks.

This recognition stems from acknowledging the substantial potential of multilateral development banks and other international financial institutions in fuelling sustainable development, providing expertise, and highlighting the indispensable role of banking systems in UN Member States in enhancing the standard of living.

 


Purpose of the Day: The purpose of the International Day of Banks is twofold.

Firstly, it recognizes the considerable potential of multilateral and international development banks in financing sustainable development.

Secondly, it underscores the vital role played by the banking systems in UN Member States in contributing to the ongoing improvement of the standard of living.

🌐 Embarking on a Financial Wellbeing Journey! πŸš€

As I delve into the realm of #FinancialWellbeing, a decision has taken root in my mind. 🌱

In the spirit of fostering financial consciousness and championing secure electronic transactions, I've chosen to temporarily bid adieu to the delightful indulgence of Vada Pav. πŸ”✨

 

πŸ€” Why this shift, you ask? It's a conscious step, a personal commitment until the arrival of the much-anticipated #SafeePayDay — a day dedicated to celebrating secure ePayments.

Join me on this journey as we explore the landscape of financial wellness and await the positive transformations a Safe ePayDay promises to bring! πŸ’³πŸŒˆ #FinancialWellnessJourney #SafeePayDayJourney

 

The Principles for Responsible Banking: Enter the Principles for Responsible Banking, a groundbreaking framework providing the blueprint for a sustainable banking system.

These principles ensure that the industry makes a positive contribution to society by embedding sustainability at strategic, portfolio, and transactional levels across all business areas.

In just a year since its launch, the signatories to these principles have grown from 130 to over 190 banks, representing a significant portion of the global banking industry and impacting around 1.6 billion customers worldwide.

 

First International Banks Day: The UN General Assembly made history by marking December 4th as the first International Banking Day in 2020.

This celebration emphasizes the importance of multilateral and international development banks in funding sustainable development.

Simultaneously, it recognizes the integral role played by the banking systems of member countries in uplifting living standards.

 

International Day of Banks Celebration: Annually commemorated on December 4, the International Day of Banks acknowledges the pivotal role of banks in providing crucial information for financial security.

Beyond the conventional role of financial support, banks globally serve their communities in diverse ways. The day draws attention to the role of international development banks in supporting sustainable development, aligning with the goals of the international community. Banks play a crucial role in financing the sustainable development of member nations and providing information to achieve these goals.

 

Related Observances:

- International Day of Family Remittances

- Micro-, Small and Medium-sized Enterprises Day

- International Day of Cooperatives

- International Day for South-South Cooperation

- International Day for the Eradication of Poverty

- World Development Information Day

 

Why Mark International Days? International days are crucial occasions to educate the public on global issues, mobilize political will and resources, and celebrate the achievements of humanity.

While the existence of international days predates the establishment of the United Nations, the UN has embraced them as powerful advocacy tools.

Other UN observances are also marked to reinforce global goals.

 

ePayments Channels: In India/Bharat, various ePayment channels like RTGS/NEFT/IMPS and, of course, UPI play a significant role.

Similarly, worldwide, there are numerous ePayment channels such as SWIFT, contributing to the global financial landscape.

 

πŸš€ A Dedicated Safe ePayDay:

Imagine a dedicated Safe ePayDay showcasing the myriad ePayment channels!

Such an event would not only be wonderful but also serve as a powerful platform to promote secure and efficient electronic transactions globally.

Let's look forward to a future where Safe ePayDay becomes a global celebration of the diverse ePayment channels shaping the financial ecosystem. πŸ’³πŸŒ #InternationalDayofBanks #SafeePayDay #FinancialInclusion

 

πŸ“’ **Disclaimer: These are my personal views only.  * *

πŸš€ A dedicated day for #Safe ePayDay will be a game-changer! πŸ’³ Let's envision a future where every electronic transaction is secure and seamless.

πŸ” I have fond memories of Vada Pav and have survived many days solely on its delightful taste. Each Vada Pav vendor has their unique secret recipe, adding to the charm of this beloved snack.

πŸ€” However, in the spirit of promoting #FinancialWellbeing, I've decided to forgo indulging in Vada Pav until the joyous occasion of a celebrated #SafeePayDay arrives.

Join me in this commitment to safer electronic transactions and the anticipation of a more secure financial future! πŸŒπŸ’Ό

 

 

 

 

 

πŸ“’ **Disclaimer: These are my personal views only.  * *

πŸš€ A dedicated day for #SafeePayments will be a game-changer! πŸ’³ Let's envision a future where every electronic transaction is secure and seamless.

πŸ” I have fond memories of Vada Pav and have survived many days solely on its delightful taste. Each Vada Pav vendor has their unique secret recipe, adding to the charm of this beloved snack.

πŸ€” However, in the spirit of promoting #FinancialWellbeing, I've decided to forgo indulging in Vada Pav until the joyous occasion of a celebrated #SafeePayDay arrives.

Join me in this commitment to safer electronic transactions and the anticipation of a more secure financial future! πŸŒπŸ’Ό

 

Saturday, December 2, 2023

Step into Day 6 of the Thrilling 30-Day UPI Challenge!

πŸš€ 🌟 Step into Day 6 of the Thrilling 30-Day UPI Challenge! πŸš€ Ready to Unlock the Power of ICICI Bank RuPay Credit Card? πŸ’³

 

πŸŽ‰ **Exciting News from ICICI Bank! 🌐**

πŸ“… December 01, 2023: Mumbai: Today marks a groundbreaking announcement from ICICI Bank, unveiling the integration of its RuPay Credit Cards with UPI transactions. πŸ’³πŸš€

This strategic move aims to elevate the payment experience for ICICI Bank customers, providing seamless convenience and enhanced security.

 


πŸ”„ Key Features:

1. Convenience and Security: Customers can effortlessly link their ICICI Bank Coral RuPay Credit Card, ICICI Bank HPCL Super Saver RuPay Credit Card, and ICICI Bank Rubyx RuPay Credit Card to UPI.

This integration enables them to make Person-to-Merchant (P2M) transactions both online (shopping, utility bill payments) and offline (POS transactions) in a secure and hassle-free manner. πŸ›️πŸ’Ό

 

2. Reward Points: A delightful addition to this offering is the ability for customers to earn reward points on their RuPay Credit Cards, enhancing their digital payment experience. πŸŒŸπŸ’³

 

3. Financial Flexibility: Leveraging UPI transactions on RuPay Credit Cards grants customers an interest-free credit period of up to 50 days. This financial flexibility empowers them to manage expenses more efficiently. πŸ’ΈπŸ“†

 

🀝 Collaboration with NPCI: To bring this innovative offering to life, ICICI Bank has collaborated with the National Payments Corporation of India (NPCI). This collaboration enables customers to link their RuPay Credit Cards to UPI seamlessly. 🀝🌐

 

πŸ’‘ How It Works: Customers can scan the merchant QR code and make payments directly from their RuPay Credit Cards using any UPI payment app, including iMobile Pay. The process is designed to be user-friendly, ensuring a smooth and secure transaction experience. πŸ“²πŸ”’

 

This integration not only enhances the payment landscape but also reflects ICICI Bank's commitment to providing cutting-edge solutions that cater to the evolving needs of its customers.

 

 Stay tuned for more updates as we continue to revolutionize the digital payment experience! πŸš€πŸŒˆ #ICICIBank #RuPayCreditCard #UPIIntegration #DigitalPaymentRevolution

🌐 **Paving the Way for Safe ePayments: Declaring Safe ePayDay! ** πŸš€

In the vast realm of digital transactions, the spotlight is now on declaring a special day — Safe ePayDay / Safe ePayments Day! πŸ’³✨

 

πŸš€ The countdown has begun, and the day is fast approaching when we'll join together in a global celebration of Safe ePayDay.

🌍✨ Imagine a day dedicated to promoting secure, seamless, and responsible electronic transactions, uniting individuals, and businesses alike.

 

Stay tuned for the momentous occasion when we collectively recognize and applaud the significance of secure ePayments in shaping a trustworthy financial landscape. πŸŽ‰πŸ’Ό

Let's usher in the era of Safe ePayDay, a day where we celebrate the reliability and resilience of electronic payment systems worldwide! πŸŒπŸ’³ #SafeePayDay #DigitalTrust #SecureTransactions πŸš€

πŸ“’ Disclaimer: These are my personal views only.

🌐 The focus is declaring a Day as Safe ePayDay / Safe ePayments Day.

πŸš€ Yes, the day is not far off when there will be a celebration of Safe ePayDay / Safe ePayments Day.

Copyrights if any, belong to the original copyright holder only.

Additional Reading Material: PM’s address in the 107th Episode of ‘Mann Ki Baat’ on 26 Nov, 2023 @ https://www.pmindia.gov.in/en/news_updates/pms-address-in-the-107th-episode-of-mann-ki-baat/

 

 

 

 

Sunday, November 26, 2023

PM Modi Urges Exclusive Use of UPI on Mann Ki Baat: A Month Dedicated to Digital Payments


In a significant move to propel UPI transactions globally, Prime Minister Narendra Modi delivered a resounding message during the latest instalment of Mann Ki Baat, the 107th episode that aired on November 26, 2023.



The spotlight of this episode was undeniably on the surge in UPI usage.

Addressing the nation, PM Modi celebrated the noteworthy increase in UPI payments over the past months.

Encouraging a decisive shift, he called upon citizens to exclusively embrace UPI payments for the upcoming month.

Expressing contentment over the reduced reliance on cash payments during the festive season, the Prime Minister passionately urged people to shun cash entirely for the next month, advocating for the adoption of UPI and other digital payment modes.

This appeal is not merely a directive but a call for a collective experience-sharing endeavour.

PM Modi implored citizens to not only make UPI transactions but also to actively share their experiences and photos after a month of exclusive UPI usage.

This marks a unique and inclusive approach to promote digital transactions, emphasizing the participatory role of the citizens in shaping the future of the country's economic landscape.

Furthermore, Prime Minister Modi applauded the success of the ongoing digital revolution in India, underscoring the transformative impact of UPI applications and other digital payment modes on the nation's financial landscape.

The push towards UPI is positioned as a pivotal strategy to foster the 'Vocal for Local' campaign, encouraging citizens to buy 'Made-in-India' products.

In a related context, PM Modi shared insightful statistics, revealing that business transactions exceeding ₹4 lakh crore transpired in the country during the festive period.

Trade organizations estimate a potential business of around ₹5 lakh crore during the upcoming wedding season.

The Prime Minister, in this regard, emphasized the instrumental role that UPI can play in boosting local businesses and contributing to the economic growth envisioned by the 'Make in India' initiative.

In conclusion, PM Modi's call for a month-long exclusive reliance on UPI is not just a policy directive.

It is a clarion call for citizens to actively participate in shaping the economic trajectory of the nation.

The spotlight on UPI in Mann Ki Baat reflects the government's commitment to leveraging digital solutions for a robust and resilient financial future.

Quote: -

 

My family members, another big trend has been seen during this festive season.

This is the second consecutive year when the trend of buying some goods through cash payments on the occasion of Deepawali is gradually on the decline.

That means, people are making more and more digital payments now.

This is also very encouraging. You can do one more thing.

Decide for yourself that for one month you will make payments only through UPI or any digital medium and not through cash.

The success of the digital revolution in India has made this absolutely possible.

And when one month is over, please share your experiences and your photos with me. I wish you all the best in advance from now itself.

Unquote

 

About PM Mann Ki Baat:

Through 'Mann Ki Baat,' Prime Minister Narendra Modi engages with people across the country on a variety of significant subjects. Prime Minister Narendra Modi commenced the 'Mann Ki Baat' broadcasts on Akashvani in 2014 as a means to connect with people effectively.

 

'Mann Ki Baat' is translated into 23 Indian languages and 29 dialects. Over the years, the program has covered diverse topics, ranging from weather, environment, cleanliness, and various social issues to examinations.

Whether discussing Swachhata, volunteering, water conservation, Fit India, exams, or women empowerment, every month, citizens have been sharing their ideas and suggestions with PM Narendra Modi for his radio program, 'Mann Ki Baat.'

 

πŸ“’ Disclaimer: These are my personal views only.

🌐 The focus is declaring a Day as Safe ePayDay / Safe ePayments Day.

πŸš€ Yes, the day is not far off when there will be a celebration of Safe ePayDay / Safe ePayments Day.

 

Additional Reading Material: PM’s address in the 107th Episode of ‘Mann Ki Baat’ on  26 Nov, 2023 @ https://www.pmindia.gov.in/en/news_updates/pms-address-in-the-107th-episode-of-mann-ki-baat/

 

Monday, November 13, 2023

πŸ’³✨ Happy RuPay Credit Card User Shares Positive Vibes! ✨πŸ’³**



Hey there! 🌟 Just wanted to share my absolute delight as a frequent user of the RuPay Credit Card via the UPI channel. These thoughts are purely my own, and I'm all about spreading the joy of safe ePayments! πŸ€—πŸ’³

Using my RuPay Credit Card with UPI has been such a positive and seamless experience. πŸ’– The convenience of making secure transactions with just a few clicks is truly a game-changer. πŸš€πŸ’Έ

I can't help but smile every time I scan and pay at any merchant QR, knowing that I'm not only making a smart payment but also earning reward points as per the individual card issuer.

πŸŽ‰✨ It's like turning every transaction into a little celebration! 🎈πŸ₯³

And the fact that my credit card is now seamlessly integrated with UPI makes everything even more effortless. It's like the future of payments is right at my fingertips! πŸŒπŸ’Ό

The dual reward system of some issuer banks is such a fantastic bonus. Whether it's a UPI transaction or a non-UPI one, I'm racking up those Reward Points and loving every bit of it. πŸ˜πŸ”„

Oh, and let's not forget the 1% Fuel Surcharge Waiver. πŸš—⛽️ It's like a little gift every time I fill up my tank – making my journeys even more enjoyable! 🌈

So, here's to the joy of safe ePayments and the positive vibes that come with being a RuPay Credit Card user via UPI! πŸŽŠπŸ’³ Spread the positivity and happy transacting! πŸŒŸπŸ’–

 

*Disclaimer: These are my personal views only, and I just couldn't resist sharing the positive vibes. Keep spreading the joy, fellow ePayment enthusiasts! πŸ™ŒπŸ’«*

Sunday, November 12, 2023

You cannot load your Digital Rupee Wallet via RuPay Credit Card

  

🚫 You cannot load your Digital Rupee Wallet via RuPay Credit Card. πŸ“΅πŸ’³

Remember to use alternative methods for loading your Digital Rupee wallet! πŸ”„πŸ’Ό πŸ€”πŸ“²

 


πŸ“’ In a recent circular dated November 7th 2023, the National Payments Corporation of India (NPCI) has provided clarification, highlighting that users of Digital Rupee Wallets are currently restricted from loading their Central Bank Digital Currency (CBDC) wallets using RuPay Credit Cards.

Both the Digital Rupee and RuPay Credit Cards represent novel additions to the UPI Payment channel, and their usage is gradually gaining momentum.

Various stakeholders within the Digital Rupee and RuPay Credit Card ecosystem are actively engaged in promoting UPI transactions through these platforms.

As promotional efforts intensify, we anticipate a corresponding surge in Digital Rupee transactions.

The evolving landscape of digital payments promises exciting developments, and the symbiotic growth of Digital Rupee and RuPay Credit Cards underscores the transformative journey toward a cashless economy.

Stay tuned for more updates as we witness the unfolding of this digital revolution! πŸš€πŸ’³ #DigitalPayments #CBDC #RuPayRevolution

 

πŸ“’ Disclaimer: The thrill of secure ePayments is booming in our country! πŸš€ Exciting times ahead! πŸ’Ό These are my personal views only. 😊 #ePayments #SecurityJoy 🌐

 

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All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant