Daily New Current Affairs

15 September 2017 ------------------------------- Google to Launch Mobile Payment Service in India Tech giant Google  is announced to unveil a  digital payment service in India  that has been developed for the local market. In July,  National Payments Corporation of India (NPCI)  had stated that Google had completed the testing of its UPI payment service and was awaiting Reserve Bank of India’s approval to launch its service in the country. Google is looking at launching a payment service  ‘Google Tez’ , which will include support for Unified Payments Interface (UPI) as well as mobile wallets like Paytm and MobiKwik.  Important Takeaways from Above News- UPI allows consumers to transfer money from one bank to another using a virtual address.There is no need of account number, IFSC code or MMID to carry out the transfer. Source- The Hindu

India's second largest software services firm  Infosys  has completed the acquisition of  London-based Brilliant Basics . Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to- end digital transformation solutions. Infosys had acquired the company in a  cash deal worth GBP 7.5 million,  including earn-out and employee retention amounts. Important Takeaways from Above News- Brilliant Basics was founded in 2012.Infosys has digital studios across Bengaluru, Pune, New York, London and Melbourne. Source- The Indian Express