BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which among the following banks has launched the First Multi-Currency Contactless Card service in India?
A
HDFC Bank
B
Axis Bank
C
State Bank of India
D
Punjab National Bank
Explanation: 

Detailed explanation-1: -ICICI Bank has launched the country’s first contactless debit and credit cards on 7 January, 2015.

Detailed explanation-2: -Axis Bank launched the First Multi-Currency Contactless Card service in India-GKToday.

Detailed explanation-3: -Industrial Credit and Investment Corporation of India (ICICI) Bank launched the country’s first-ever ‘contactless’ debit and credit cards. These cards will give the customers to make electronic payments by waving the cards near the merchant terminal instead of dipping or swiping.

Detailed explanation-4: -The Axis Bank Multi-Currency Forex Card is a contactless credit card and is protected from currency fluctuations.

Detailed explanation-5: -What is a Forex Card? A Forex Card is an easier and more secure option of handling your Foreign Exchange while travelling abroad. Much like a regular bank (Credit/Debit) cards, Forex Cards can be used to pay for your expenses in a local currency abroad and withdraw cash from ATMs.

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