2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Axis Bank
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ICICI Bank
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Yes Bank
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IDFC Bank
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Detailed explanation-1: -Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank. Bharti Airtel launched Airtel Payments Bank in September 2016 and went live with its pilot project in Rajasthan in November 2016.
Detailed explanation-2: -By India Today Web Desk: Prime Minister Narendra Modi launched the digital payment solution e-RUPI on August 2, 2021. e-RUPI is a cashless and contactless instrument for digital payment that will play a significant role in making direct benefit transfer(DBT) more effective.
Detailed explanation-3: -India. One of the first online payment systems in the country dates back to 1996, where the Industrial Credit and Investment Corporation of India (ICICI) began to offer their clients online banking services in their retail branches.
Detailed explanation-4: -Analysts told the publication that they expect the bank to generate annual revenues upwards of $1 Bn by 2030 largely on the back of a sharp rise in its monthly transacting user base and strong revenue generation potential for the payments bank in the B2B space.