CURRENT AFFAIRS

Detailed explanation-1: -On 8 November 2017, IDFC Bank entered into a strategic partnership with digital payments solution company MobiKwik to launch a co-branded virtual Visa prepaid card for customers of Mobikwik.

Detailed explanation-2: -MobiKwik offers instant personal loans with minimum documentation and hassle free experience. You can also make the loan emi payment for the other financial units as well such as L&T Finance, IDFC, Bajaj Finserv, Bajaj auto finance, Hero fincorp, Indiabulls Finance, Aditya birla capital and many more.

Detailed explanation-3: -MobiKwik is a user-friendly, robust, and scalable digital payment platform that helps HDFC credit cardholders to make a quicker, more convenient, and secure HDFC online payment. MobiKwik provides a lot of HDFC credit card bill payment offers to its subscribers using this platform for HDFC cc payment.

Detailed explanation-4: -The ‘wallet to bank’ feature on MobiKwik allows you to transfer money online, from your debit/credit cards to any bank account through the digital wallet. You can transfer amount from any debit/credit card to any bank account and the amount will reflect in your bank accounts instantly.

Detailed explanation-5: -Mobikwik has collaborated with National Payments Corporation of India (NPCI) and Axis Bank to launch MobiKwik RuPay Card.