2016
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Citi Bank
|
|
|
State Bank of India
|
|
|
Development Bank of Singapore
|
|
|
Reserve Bank of India
|
Detailed explanation-1: -In 2011, the Scottish bank launched the free world’s first fully functional banking app, which was available for iPhones, Android and Blackberry. People were delighted. More than one million users were attracted to the service for the first six months, and they transferred more than £1 billion through the app.
Detailed explanation-2: -Digital banking started taking shape in India during the late 1990s. ICICI bank was the first one to introduce this service to their retail customers.
Detailed explanation-3: -On October 17, 2022, 75 digital banking units became operational across 75 districts in India. As of now, there is at least one digital banking unit set up in each of the 29 states and eight union territories (UTs).
Detailed explanation-4: -The earliest form of m-banking was performed using SMS in the 1990s. However, with the introduction of the mobile web and smartphones with wireless access protocol (WAP) in 1999, banks in Europe started offering m-banking platforms to their account holders.