Culture: GS1    

Society: GS1    

Polity: GS2    

Schemes: GS2    

International Relations: GS2    

Economy: GS3    

  • Explained: Why NUE marks next inflection point for India’s payments ecosystem? (IE) As envisaged by the RBI, an NUE will be a non-profit entity that will set-up, manage and operate new payment systems, especially in the retail space such as ATMs, white-label PoS; Aadhaar-based payments and remittance services. In addition to this, they will develop new payment methods, standards and technologies as well as operate clearing and settlement systems.