CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank partners with Hitachi Payments formed joint venture for digital payment platform?
A
Dena Bank
B
Yes Bank
C
Catholic Syrian Bank
D
State Bank of India
Explanation: 

Detailed explanation-1: -Toshiaki Higashihara, President & CEO of Hitachi, Ltd., Japan, said “Hitachi’s joint venture with SBI, will further contribute to the development of digital payments in India by building a state-of-the-art digital payments platform and leveraging SBI’s robust customer network.

Detailed explanation-2: -SBI Card is operated through two joint-ventures-SBI Cards & Payment Services (SBICPSL), which focuses on the marketing and distribution of SBI Cards, and GE Capital Business Process Management Services (GECBPMSL) handling the technology and processing needs.

Detailed explanation-3: -We are one of the select non-bank entities in India that has been licensed by the Reserve Bank of India (RBI) to deploy White label ATMs across the country with a strong focus in Tier 3 to Tier 6 towns.

There is 1 question to complete.