BANKING & FINANCE
Payment Systems
MobiKwik gets in-principle RBI nod for Offline Payment Aggregator license
Fintech firm MobiKwik has received in-principle authorization from the Reserve Bank of India to operate as a Payment Aggregator-Physical Point of Sale (PA-P).
The license will allow the platform to facilitate digital transactions for merchants via physical terminals, expanding its offline footprint.
A Payment Aggregator helps bridge merchants with payment networks, consolidating multiple payment modes like cards, UPI, and digital wallets.
The license will allow the platform to facilitate digital transactions for merchants via physical terminals, expanding its offline footprint.
A Payment Aggregator helps bridge merchants with payment networks, consolidating multiple payment modes like cards, UPI, and digital wallets.
Key Facts / Static GK
MobiKwik Founders: Bipin Preet Singh, Upasana Taku
RBI Governor: Shaktikanta Das
RBI Governor: Shaktikanta Das
Practice Quiz — 28 May 2026
Q1. Which Indian state recently became the third state in the country, and the first in the North East, to pass the Uniform Civil Code (UCC) Bill?
Answer: (C) Assam — Assam has officially become the third state in India, and the first in the North East, to pass the Uniform Civil Code (UCC) Bill, following Uttarakhand and Gujarat.
Q2. Which initiative of the Central Government facilitated Sikkim being declared a fully literate state?
Answer: (B) ULLAS — Sikkim was declared a fully literate state under the Centre's ULLAS (Understanding of Lifelong Learning for All in Society) initiative.
Q3. What is the official theme designated for the International Day of Yoga 2026 celebrations to be held in Kolkata?
Answer: (C) Yoga for Healthy Ageing — The theme for the International Day of Yoga 2026 has been announced as 'Yoga for Healthy Ageing'.
Q4. On which route has the Ministry of Railways approved the introduction of the 10-car Hydrogen Fuel Cell-based DEMU trainset?
Answer: (B) Jind-Sonipat — The Ministry of Railways has approved the introduction of a 10-car Hydrogen Fuel Cell-based DEMU trainset on the Jind-Sonipat section of Northern Railway.
Q5. To what percentage has the Life Insurance Corporation of India (LIC) increased its stake in the Central Bank of India?
Answer: (B) 6.06% — LIC has increased its stake in the Central Bank of India to 6.06% from the previous 3.16%.
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