Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 2)
2.
Which bank has introduced global UPI services through its bob इ Pay app?
Answer: Option
Explanation:
Bank of Baroda has introduced international UPI services via its bob इ Pay app, making cross-border digital payments more accessible for both resident Indians and NRIs. The new features include UPI Global Acceptance, foreign inward remittances, and dedicated UPI access for NRI account holders. Customers can now make payments to merchants abroad, receive money from Singapore in real-time, and NRIs can link their NRE/NRO accounts to use UPI seamlessly. With a daily transaction limit of ₹1,00,000, the initiative strengthens Bank of Baroda’s role in digital banking innovation while aligning with India’s push for global adoption of UPI services.
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