CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank Launches m-wallet with MobiKwik?
A
IndusInd Bank
B
ICICI Bank
C
State Bank Of India
D
HDFC Bank
Explanation: 

Detailed explanation-1: -Ritesh Raj Saxena, head, savings, digital and payments, IndusInd Bank, said the partnership with MobiKwik is to leverage the synergies in the payments business between banks and fintechs, to bring the customers the best of both worlds in a seamless fashion.

Detailed explanation-2: -The Company is in the business of issuance of Semi-Closed prepaid Mobikwik Wallet and is authorized by the Reserve Bank of India (RBI) to operate a Payment System.

Detailed explanation-3: -We issue semi-closed system prepaid payment instruments ("MobiKwik Wallet") to Holders on which they can load and transfer funds in Indian Rupees within India to make purchases or avail of certain financial services ("Service(s)"). MobiKwik has its registered office situated at One MobiKwik Systems Limited, Unit No.

Detailed explanation-4: -What is the MobiKwik origin country? MobiKwik is an Indian company founded in 2009 that provides a mobile phone-based payment system and digital wallet.

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