BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the Bank, which has entered into a “strategic alliance” with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik recently?
A
South Indian Bank
B
IDFC Bank
C
Federal Bank
D
Bandhan Bank
Explanation: 

Detailed explanation-1: -Nearly 65 million MobiKwik users to benefit from in-App virtual pre-paid card. On the first anniversary of demonetisation, IDFC Bank has entered into a “strategic alliance” with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik.

Detailed explanation-2: -On 8 November 2017, IDFC Bank entered into a strategic partnership with digital payments solution company MobiKwik to launch a co-branded virtual Visa prepaid card for customers of Mobikwik.

Detailed explanation-3: -MobiKwik gets you all covered when required to make IDFCF EMI payment online or even to pay back online through the MobiKwik app or website. MobiKwik’s user-friendly interface simplifies it for the customers to make all kinds of financial transactions online.

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