In a move aimed at creating a payments acceptance network for unorganized retail including small merchants and kirana stores where consumers can make payments,.....has partnered with Financial Software and Systems (FSS).

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In a move aimed at creating a payments acceptance network for unorganized retail including small merchants and kirana stores where consumers can make payments,____has partnered with Financial Software and Systems (FSS).

A	ICICI Bank
B	RBI
C	PNB
D	IPPB

Explanation:

Detailed explanation-1: -Launch of DakPay adds up to the legacy of India Post which is about reaching out to every household. This innovative service will not only give access to banking services and postal products online, but also is a unique concept where one can order and avail postal financial services at doorstep.

Detailed explanation-2: -IPPB uses DoP’s giant network of 189, 000 GDS to deliver financial products and services at the convenience of the customers’ doorstep. Further, the trusted network of GDS offers handholding support to customers to bring low-and moderate-income (LMI) people into the fold of digital payments.

Detailed explanation-3: -6) “The unveiling of DakPay is a landmark achievement in IPPB’s journey and will further deepen comprehensive financial inclusion to bring forth the dawn of a ‘Truly Inclusive Financial System’.

Detailed explanation-4: -You can instantly transfer money to any UPI ID or VPA (virtual Payment Address) and also send money to any bank account using a IFSC code. You can also check your account balance, save beneficiaries & manage multiple bank accounts across 200+ banks/PSPs.

There is 1 question to complete.