CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Mastercard is set to provide payments processing solution to which payment bank
A
Tech Mahindra
B
Vodafone
C
Paytm
D
Airtel
Explanation: 

Detailed explanation-1: -J.P. Morgan and Mastercard modernize account-based payments with innovative ‘pay-by-bank’ solution | Mastercard Newsroom.

Detailed explanation-2: -You can avail Standard Debit MasterCard from the top Indian banks, including State Bank of India (SBI, HDFC, IDBI, Axis, etc.

Detailed explanation-3: -Key Takeaways Mastercard is one of four major credit card processing networks in the United States. Financial institutions can offer Mastercard’s payment products, like credit and debit cards, and benefits to consumers. Mastercard primarily makes money by charging a fee on payments processed through its network.

Detailed explanation-4: -Mastercard is a payment network processor. Mastercard partners with financial institutions that issue Mastercard payment cards processed exclusively on the Mastercard network. Mastercard’s primary source of revenue comes from the fees that it charges issuers based on each card’s gross dollar volume.

There is 1 question to complete.