CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following bank has launched USSD (unstructured supplementary service data) based ‘*99 #’ mobile application on Play Store on Android platform.
A
Union Bank of India
B
Corporation Bank
C
Punjab National Bank
D
Allahabad Bank
Explanation: 

Detailed explanation-1: -*99# service has been launched to take the banking services to every common man across the country. Banking customers can avail this service by dialing *99# on their mobile phone and transact through an interactive menu displayed on the mobile screen (available only for live TSPs).

Detailed explanation-2: -*99# is a USSD (Unstructured Supplementary Service Data) based mobile banking service from NPCI that brings together diverse ecosystem partners such as Banks & TSPs (Telecom Service Providers). Using *99# service, a customer can access financial services by dialling *99# from his/her mobile registered with the bank.

Detailed explanation-3: -Unstructured Supplementary Service Data (USSD) allows users without a smartphone or data/internet connection to use mobile banking through the *99# code. USSD-based mobile banking can be used for fund transfers, checking account balance, generating bank statement, among other uses.

Detailed explanation-4: -Initiated by the Government of India and developed by the National Payments Corporation of India (NPCI), it facilitates access to banking services from mobile phones.

There is 1 question to complete.