CURRENT AFFAIRS : BANKING & FINANCE
Number of payment acceptance devices under PIDF expands to 1.87 crore as of Dec 2022
- As per the Reserve Bank of India’s (RBI’s) latest status update number of payment acceptance devices, including physical and digital, deployed under the Payments Infrastructure Development Fund (PIDF) Scheme as on December 31, 2022, stood at about 1.87 crore.
- The number of physical devices (PoS, mPoS (mobile PoS), GPRS (General Packet Radio Service), PSTN (Public Switched Telephone Network), etc) and digital devices (inter-operable QR code-based payments such as UPI QR, Bharat QR, etc.) stood at 4,85,415 (2,45,942 as at September-end 2021) and 1,82,88,974 (55,36,678), respectively.
