Banking & Financial Awareness GK Digest : March 2025

Paytm Partners with RBL Bank to Strengthen Digital Payment

Current Context: On 3rd March 2025, Paytm has partnered with RBL Bank to enhance digital payment solutions for merchants.

Here are the key points:

This collaboration introduces Paytm's Soundbox and card machines to RBL Bank's merchant network, enabling real-time transaction monitoring and instant settlements through the Paytm for Business Dashboard.
The payment solutions support multiple methods, including UPI, RuPay credit card on UPI, UPI Lite, debit/credit cards, and EMI options.
The initiative aims to simplify payments, boost efficiency, and promote digital transformation for businesses.
It also includes innovative features like NFC-enabled Tap and Pay and multilingual audio alerts in 11 languages.

12th Regional 3R and Circular Economy Forum in Asia and the Pacific

Current Context: The 12th Regional 3R and Circular Economy Forum in Asia and the Pacific was held from March 3-5, 2025, at the Rajasthan International Centre in Jaipur, India.

Key Highlights:

It aimed to promote sustainable waste management and the transition to a circular economy across the region, aligning with the Sustainable Development Goals (SDGs) and carbon neutrality targets.
Theme: "Realizing Circular Societies Towards Achieving SDGs and Carbon Neutrality in Asia-Pacific."
Launch of C-3: Introduction of the Cities Coalition for Circularity (C-3) to boost city-level collaboration for sustainability.
Adoption of Jaipur Declaration: This serves as a framework for regional cooperation in transitioning to a circular economy.