Online Food ordering and delivery platform Swiggy has partnered with.....to roll out two digital solutions to facilitate the transfer of funds for its delivery partners.

BANKING GENERAL KNOWLEDGE

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

Online Food ordering and delivery platform Swiggy has partnered with____to roll out two digital solutions to facilitate the transfer of funds for its delivery partners.

A	ICICI Bank
B	State Bank of India
C	HDFC Bank
D	Kotak Mahindra Bank

Explanation:

Detailed explanation-1: -We are happy to partner with ICICI Bank to launch this service, ” said Anand Agrawal, VP Products, Swiggy.

Detailed explanation-2: -Swiggy’s delivery partners can now visit the nearest ICICI Bank branch or an ATM location which is equipped with a CDM facility and deposit the money after a real-time authentication. The money gets instantly credited to Swiggy’s account and a confirmation of the transaction is sent to the delivery partner.

Detailed explanation-3: -Floating cash (FC) is the cash that DEs have collected from the customers, on behalf of Swiggy, but not deposited. This system ingests and stores all order data for COD orders and all cash deposits done by DE’s.

Detailed explanation-4: -“Swiggy Money Codes” shall mean digital codes issued by ICICI which can be redeemed by its holder on prepared food and beverages, genie and instamart orders ordered on the Platform through the Digital Wallet.

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