BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has launched the country’s first contact less debit and credit cards on 7 January 2015?
A
HDFC
B
SBI
C
ICICI
D
Yes 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: -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-3: -The first ever hint of contactless was a bus card issued in Seoul back in 1995, but it didn’t really hit the big time until the first contactless Barclaycard appeared 12 years later in 2007.

Detailed explanation-4: -Central Bank of India was the first Bank to introduce credit cards in India.

Detailed explanation-5: -Axis Bank launched the First Multi-Currency Contactless Card service in India-GKToday.

There is 1 question to complete.