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Unified Payments Interface (UPI) is an Indian instant payment system and protocol developed by NPCI in 2016. It facilitates inter-bank transactions on mobile devices using UPI ID or mobile number, and has over 300 million monthly active users and 12.20 billion transactions in January 2024.
OSAP is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. RAFEO is the French acronym for OSAP and stands for Régime d'aide financière aux étudiantes et étudiants de l'Ontario.
FSRA is a Crown agency that regulates insurance, credit union, mortgage brokerage, loan, trust, and pension administration sectors in Ontario. It was established in 2016 and succeeded the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario in 2019.
Learn about the federal government's transfer payments to provincial governments of lesser fiscal capacity to provide comparable public services and taxation. Find out the history, formula, eligibility, and controversies of the equalization program.
Learn about the pension fund for Ontario school teachers, one of the world's largest institutional investors. Find out its history, organization, investments, ESG initiatives, and media coverage.
Learn about the official and unofficial emblems and symbols of Ontario, a province of Canada. Find out the history, meaning, and images of the coat of arms, flag, flower, bird, colours, tartan, and more.
OHIP is the government-run health insurance plan for Ontario residents, funded by taxes and premiums. It covers emergency and preventive care, but not prescription drugs, dental care, or most eye exams.
6. Wire transfer fees. 💵 Typical cost: $15 to $35 for domestic transfers and $25 to $50 for international transfers Wire transfers are a way to send money quickly from one bank account to ...