BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Mobicash Easy is a mobile wallet which offers facilities such as fund transfer, bill payment, balance enquiry, mini statement, mobile top-ups and DTH recharge. This facility has been introduced by which of the following banks?
A
State Bank of india
B
HDFC Bank
C
Corporation Bank
D
Union Bank of India
E
ICICI Bank
Explanation: 

Detailed explanation-1: -SBI launched mobile banking service ‘State Bank Freedom’ in 2009 and has around 54 lakh users as of now with about 10, 000 users adding per day. Following the success of its first product in this space, the bank has now launched ‘Mobicash Easy’.

Detailed explanation-2: -A mobile wallet is a digital way to store credit, debit, ID, and gift cards so that purchases can be made using a mobile smart device rather than a physical card.

There is 1 question to complete.