CURRENT AFFAIRS

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which mobile payments company join with Yes Bank recently?

A	Paytm
B	Freecharge
C	TerraPay
D	Quickr

Explanation:

Detailed explanation-1: -Electrum Fintech Solutions provides an integrated Payments and Spend Management platform-“ZRO” in association with Yes Bank. This is an innovative solution for issuance and management of cards along with a Web Portal for corporates and mobile app for the users.

Detailed explanation-2: -PhonePe, which earlier partnered with Yes Bank, is now working with private sector lender ICICI Bank for UPI transactions.

Detailed explanation-3: -PhonePe’s founder Sameer Nigam was appointed as the CEO of the company. In August 2016, the company partnered with Yes Bank to launch a UPI-based mobile payment app, based on the government-backed UPI platform.

Detailed explanation-4: -ICICI Bank, Housing Development Finance Corp Ltd, Axis Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank and IDFC First have also joined the SBI-led consortium and invested in Yes Bank.

There is 1 question to complete.