Google Launches Its E-Payment Application Tez
New Delhi, September 18: Global giant Google has launched a mobile payment application Tez, which will enable users to transact money digitally. The mobile application will be linked to bank accounts and it enables users to pay in a secure way–both physically and online.
“Send money home to your family, split a dinner bill with friends, or pay the neighbourhood chaiwala. Make all payments big or small, directly from your bank account with Tez, Google’s new digital payment app for India,” Google said.
The application will be launched on iOS and Android platform in the country. The application will use Unified Payments Interface and will be linked to bank accounts directly. (Also read: How to Download E-Payment Application Google Tez)
Tez will not be an e-wallet like PayTM. In PayTM, money has to stored in the e-wallet. In Tez, money will be directly deducted from bank accounts, hence there will not be any need to store the money. Reports say that Axis, HDFC, ICICI, SBI and other banks that use UPI, will be supported by the application.
Full Form of UPI- Unified Payment Interface
Full Form Of Upi Unified Payment Interface Full Form Of Upi Unified Payment Interface Vpa Full Form Bhim Full Form Upi Id Full Form Bhim Upi Full Form Upi Full Form In Banking Upi Pin Full Form Upi Ka Full Form Full Form Of Bhim Upi Long Form Vpa Full Form In Banking Bhim App Full Form Full Form Of Upi Pin Bhim Full Form In Banking Full Form Of Upi Payment Bhim Ka Full Form Vpa Full Form In Upi Full Form Of Upi Id U Pi Ka Full Form Full Form Of Bhim Upi Full Form Of Bhim App Vpa Id Full Form Upi Full Form In Paytm Unified Payment Interface Meaning In Hindi Bhim Long Form Upi Full Form In English Vpa Ka Full Form Upi Full Form In Gujarati
Unified Payment Interface is is one of the most important and instant real-time payment system which is developed by the national payment Corporation of India and it facilitates the inter banking transaction system.
एकीकृत भुगतान इंटरफ़ेस सबसे महत्वपूर्ण और तत्काल वास्तविक समय भुगतान प्रणाली में से एक है जिसे भारतीय राष्ट्रीय भुगतान निगम द्वारा विकसित किया गया है और यह अंतर बैंकिंग लेनदेन प्रणाली की सुविधा प्रदान करता है।
The interface is regulated by the Reserve Bank of India and works instantly transferring funds between two bank account on a mobile platform.
इंटरफ़ेस भारतीय रिज़र्व बैंक द्वारा नियंत्रित किया जाता है और एक मोबाइल प्लेटफ़ॉर्म पर दो बैंक खातों के बीच फ़ंड ट्रांसफर करने का काम करता है।
Full Form of UPI
What is UPI?
UPI, which we know as Unified Payment Interface, is a fast way to transfer money through a mobile application. It is stunt and real time payment system through which any person can send money from one account to another account at any time using UPI from his mobile.
यूपीआई जिससे कि हम यूनिफाइड पेमेंट इंटरफेस के नाम से जानते हैं यह मोबाइल एप्लीकेशन के द्वारा पैसे ट्रांसफर करने के लिए फास्ट तरीका है यह एक प्रकार का इंटरफ़ेस है जो कि मोबाइल पेमेंट सिस्टम में काम करता है और मोबाइल एप्लीकेशन के द्वारा फास्टली पैसे को ट्रांसफर करने में मदद करता है यह स्टंट और रियल टाइम पेमेंट सिस्टम है जिसके माध्यम से कोई भी व्यक्ति अपने मोबाइल से यूपीआई का उपयोग करके किसी भी समय पैसे को एक अकाउंट से दूसरे अकाउंट में भेज सकता है
Meaning of UPI
In a simple term, UPI stands for Unified Transfer Interface that allow users to access different bank accounts on Transaq प्लेटफॉर्म इंटरफेस single app and also provide money transfer facility between different account holder.
A Frendy “Khama Ghani”- Frendy launches its services in Rajasthan at Transaq प्लेटफॉर्म इंटरफेस a soft launch event in Udaipur
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Plans to recruit 2000 Women Homepreneurs in Udaipur
Udaipur : The community group buying platform Frendy announced its entry into Rajasthan with Udaipur as its first location. The platform plans to hire over 2000 home entrepreneurs in Udaipur. "Frendy Partners" who are also home entrepreneurs, run a digital grocery store for their communities. They offer customers great discounts on groceries & other daily necessities as they Transaq प्लेटफॉर्म इंटरफेस prefer to deal with their Frendy Partners directly.
Mrs. Monika Panwar and Mr. Bhupendra Panwar, Frendy's distributors in Udaipur, hosted a soft launch on 2nd April at a local venue where over 100 prospective Frendy Partners were invited to learn more about the Frendy Partner opportunity. In Transaq प्लेटफॉर्म इंटरफेस addition to the Frendy DOST company representatives, Arti Chaubey and Vinu Nakum were on hand to answer questions.
A Frendy Customer can place an order on Frendy’s customer mobile App or they can also ask the Frendy Partner to place an order on their behalf. All customer orders are delivered via the Frendy Partner who hands over orders and collects payment from customers. The best part is that in case of any issues faced the user simply has to contact the Frendy Partner instead of having to deal with Customer Care employees. This high touch model works for 95% of Indian customers who prefer to transact with a known person and helps them overcome the trust gap that ecommerce Transaq प्लेटफॉर्म इंटरफेस suffers from. Frendy says that they are not ecommerce but WEcommerce where they leverage community to build trust. In addition, the Frendy’s app is Transaq प्लेटफॉर्म इंटरफेस available in Hindi interface.
Frendy’s focus on women has strong economic merit as women control 80% of discretionary spending and are decision makers & early adopters for their entire family. Frendy provides an opportunity to women to work part time, serve their communities & earn an income. Frendy Partners can earn between Rs. 5000-10,000 a month once they get a loyal customer base and this keeps increasing with local word of mouth. In addition, Frendy Partners feel a great sense of pride by serving their community and helping housewives save on their daily needs. This also gets them recognition within their own family. The in-app & online learning & development facilitated by Frendy, the support of a Woman’s network Transaq प्लेटफॉर्म इंटरफेस of similar Frendy Partners, the constant reward & recognition all helps to ensure the Frendy Partners “stickiness” with Frendy. This high-tech model is also high touch and with this engagement Frendy has been able to create a retention which is much higher than the typical reseller model.
Gowrav Vishawakarma, the co-founder of Frendy who hails from Udaipur and previously ran a tech start-up – Xavoc Tech from the Lake City said, "Women's microbusiness has been a highlight as well in Rajasthan. We are sure that by training our Frendy Partners we will be able to further strengthen our Main se Hum movement in Rajasthan as well."
Vinu Nakum, Growth Team Frendy, commented, "Udaipur has been very welcoming to Frendy and we are seeing a lot of positive response from our new Partners who are referring their friends and families to join our Frendy Main Se Hum movement."
Since it’s start in July 2020, the platform has scaled rapidly to 3000 Frendy Partners & 4,500+ products Transaq प्लेटफॉर्म इंटरफेस on the platform, growing 30% every month & targeted to reach an ARR of Rs. 300 Crore in the next financial year. Its current team size is 100 people across Tech, Community Building & Operations which will be expanded to 200 in the coming year. The company has raised over $5 m in funding in the last year and is already active in 25 towns of Gujarat where the Social Commerce start up is providing grocery to Bharat neighbourhoods via women community leaders. In its clustered growth approach, Frendy shortly plans to enter other towns in South Rajasthan such as – Sirohi, Abu Road, Dungarpur, Kota & Banswara, Nathdwara. It plans to start operations shortly in MP & West Bengal.
Mrs. Monika Panwar Frendy, DOST Udaipur said, “The Frendy's Wecommerce model immediately attracted me, and with my husband we decided to become the Frendy DOST franchisee for Udaipur, offering home entrepreneurs a fantastic opportunity to serve their communities and earn income.” She further added “we are confident Transaq प्लेटफॉर्म इंटरफेस that we will create 2000 digital supermarkets & successful homebusinesses in Lake City within six months.”
Transaq प्लेटफॉर्म इंटरफेस
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1. ONDC विश्व स्तर पर अपनी तरह की पहली पहल है जिसका उद्देश्य डिजिटल कॉमर्स को एक प्लेटफॉर्म-केंद्रित मॉडल से एक ओपन-नेटवर्क में स्थानांतरित करना है।
2. यह खरीदारों और विक्रेताओं को एक खुले नेटवर्क के माध्यम से डिजिटल रूप से दिखाई देने और लेन-देन करने में सक्षम बनाएगा।
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Related (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer?
केंद्रीय वाणिज्य और उद्योग मंत्री ने उद्योग और आंतरिक व्यापार संवर्धन विभाग (DPIIT) की डिजिटल कॉमर्स के लिए ओपन नेटवर्क (ONDC) पहल की समीक्षा के लिए एक बैठक की अध्यक्षता की ।
ONDC विश्व स्तर पर अपनी तरह की पहली पहल है जिसका उद्देश्य डिजिटल कॉमर्स को एक प्लेटफॉर्म-केंद्रित मॉडल से एक ओपन-नेटवर्क में स्थानांतरित करना है।
जिस तरह UPI डिजिटल भुगतान डोमेन के लिए है, ONDC भारत में ई-कॉमर्स के लिए है।
ONDC खरीदारों और विक्रेताओं को एक खुले नेटवर्क के माध्यम से डिजिटल रूप से दिखाई देने और लेन-देन करने में सक्षम बनाएगा।बिना इस बात का फर्क किए कि वे किस प्लेटफॉर्म/एप्लिकेशन का उपयोग करते हैं।
ओएनडीसी सभी व्यवसायों को खुदरा वस्तुओं, भोजन से लेकर गतिशीलता तक में बदलने के लिए नवाचार को चलाने के लिए एकल नेटवर्क बनाने के लिए साइलो को तोड़कर व्यापारियों और उपभोक्ताओं को सशक्त बनाएगा।
ONDC सूचना प्रौद्योगिकी अधिनियम, 2000 के अनुरूप होगा और इसे उभरते हुए व्यक्तिगत डेटा संरक्षण विधेयक के अनुपालन के लिए डिज़ाइन किया गया है।
Similar UPSC Transaq प्लेटफॉर्म इंटरफेस Doubts
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ce (ONDC). Open Network for Digital Commerce (ONDC) is a government-backed project which is aimed at enabling small merchants in India to access processes and technologies that are typically deployed by large e-commerce platforms. It is a public non-profit company established by the Department for Promotion of Industry and Internal Trade (DPIIT). Facebook has become the first big tech company to join the Open Network for Digital Commerce (ONDC).Which of the above statements is/are correct?
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(ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2022 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2022 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer?.
Solutions for (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer? defined & explained Transaq प्लेटफॉर्म इंटरफेस in the simplest way possible. Besides giving the explanation of (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer?, a detailed solution for (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice (ONDC) , :1.ONDC - - 2. - /?a) 1b) 2c) 1 2d) 1 2Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
Transaq प्लेटफॉर्म इंटरफेस
Karnataka Bank joined with IIFL Securities to launch ‘KBL Smart Trade’
On March 26, 2021, Karnataka Bank made a tie-up with IIFL Securities, a broking and advisory firm and introduced ‘KBL Smart Trade’, a solution for its customer’s capital market needs by providing a facility to access IIFL Securities’ Demat and trading account.
Features of Transaq प्लेटफॉर्म इंटरफेस ‘KBLSmart Trade’:
- It will provide a two-in-one account facility that the Karnataka Bank’s Savings Bank Account holders can open a Demat & Trading a/c with IIFL Securities instantly.
- Customers will be able to directly open an account under the KBL Smart Trade arrangement.
- The account holders can access live prices and alerts, research and recommendations of stocks, trading tips, customisable watch lists.
Demat Account and Trading Account:
i.A Demat account (short for “dematerialized account”) is an account to hold shares and financial securities (equity or debt) in electronic form.
- In India, Demat accounts are maintained by National Securities Depository Limited and Central Depository Services Limited.
ii.Trading Account is an account that will provide the interface to buy and sell shares in the stock market.
Usage of Demat and Trading Account:
- Trading Account will help to buy and sell shares in the stock market in which Demat Account will act as a repository to store the shares you buy in digital format
- Demat Account is only a repository it will help to take the delivery of shares when trading in equity delivery or when you apply for an IPO and get the allotment of shares. It does not help to transact in the stock exchange for that Trading account will be used.
About IIFL Securities:
IIFL Securities is one of the entities of IIFL Finance Limited
Incorporation – 1996
Headquarters– Mumbai, Maharashtra
MD – R. Venkataraman
About Karnataka Bank:
Establishment – 1924
Headquarters – Mangalore, Karnataka
Tagline – Your Family Bank Across India
MD&CEO– Mahabaleshwara M.S,
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