BANKING & FINANCE
Digital Banking
OmniCard Introduces India's Debut UPI-Powered Flexi Benefits Basket
Eroute Technologies-operated OmniCard launched the nation's premier Flexi Benefits Basket integrated with UPI functionality.
The platform empowers companies to distribute employee allowances into a single digital wallet managed completely by the employee.
Employees gain full flexibility to categorize and spend their corporate allowance allocations seamlessly using UPI transactions.
The solution modernizes corporate benefit disbursals while driving merchant acceptance across existing UPI infrastructure.
The platform empowers companies to distribute employee allowances into a single digital wallet managed completely by the employee.
Employees gain full flexibility to categorize and spend their corporate allowance allocations seamlessly using UPI transactions.
The solution modernizes corporate benefit disbursals while driving merchant acceptance across existing UPI infrastructure.
Key Facts / Static GK
Parent Entity: Eroute Technologies Private Limited
OmniCard Category: PPI (Prepaid Payment Instrument) License holder
OmniCard Category: PPI (Prepaid Payment Instrument) License holder
Practice Quiz — 30 July 2026
Q1. What is the total combined stake approved by IRDAI for Patanjali Ayurved and DS Group foundations in Magma General Insurance?
Answer: (C) 98.055% — IRDAI approved the acquisition of a 98.055% total stake in Magma General Insurance, comprising 73.56% by Patanjali Ayurved and approximately 24.50% by DS Group-associated foundations.
Q2. What amount was paid by the Life Insurance Corporation of India (LIC) as dividend to the Government of India for Financial Year 2025-26?
Answer: (B) ₹12,207.25 crore — LIC presented a dividend payout of ₹12,207.25 crore to Union Finance Minister Nirmala Sitharaman for the Financial Year 2025-26.
Q3. What is the annual coupon rate offered by State Bank of India on its ₹4,691 crore Additional Tier-1 (AT1) bond issuance for FY 2026-27?
Answer: (C) 7.75% — SBI issued its first AT1 bonds of FY 2026-27 raising ₹4,691 crore at a fixed annual coupon rate of 7.75%.
Q4. Which iconic international landmark recently became the first UAE tourist attraction to accept UPI for online ticketing?
Answer: (C) Burj Khalifa — Burj Khalifa became the first UAE tourist landmark to integrate UPI for online ticket bookings via NIPL, NEOPAY, and Emaar Entertainment.
Q5. Which entity launched India's first employee-controlled 'Flexi Benefits Basket' enabled on UPI?
Answer: (B) OmniCard — OmniCard, operated by Eroute Technologies Private Limited, launched India's first Flexi Benefits Basket on UPI.
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