Economy News-Daily Digest: 2 Key Updates
1. Canara Bank unveiled two new digital services for online payments
Canara Bank launched two new digital services for online payments- Bharat QR and Bharat Bill Payment System (BBPS) .
Bharat QR (Quick Response) is a mobile application for payment settlement at merchant locations and Bharat Bill Payment System (BBPS) is an integrated bill payment system for net banking customers. BBPS is an initiative of the RBI that offers bill payment services to the bank’s net banking customers with network of agents.
2. Ashok Leyland bags ₹120-cr Rivigo order
Ashok Leyland (AL) has received a ₹120 crore plus order from logistics company Rivigo for supply of 500 fully-built vehicles, with iEGR (Intelligent Exhaust Gas Recirculation) technology, developed by AL.