BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash On mobile
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Sound tag
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Tone Tag
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Caller Tune
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Detailed explanation-1: -Along with all of these devices, ToneTag has developed the RetailPod, a proprietary device that enables a sound-based tap-to-pay feature for feature phones, as seen in the RBI video on UPI123Pay mentioned before.
Detailed explanation-2: -new feature named VoiceSe, developed by ToneTag in partnership with NSDL Payments Bank and NPCI, will allow India’s 400 million feature phone users to access the payment services through voice | .
Detailed explanation-3: -It costs around Rs 750 to make one pod, according to Abhishek.
Detailed explanation-4: -UPI 123PAY is an instant payment system for feature phone users that allows them to safely and securely use the Unified Payments Interface (UPI) payment service. Feature phone users can conduct a variety of transactions based on four technological alternatives via UPI 123PAY.
Detailed explanation-5: -A payment gateway is an application that makes the online payment process very simple and easy. It is actually a medium that connects a merchant’s mobile application or website with the bank.