CURRENT AFFAIRS

2019

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

An online forex marketplace, BookMyForex and card payment company Visa has partnered with which bank to launch a co-branded multi-currency forex travel card?

A	ICICI Bank
B	SBI Bank
C	HDFC Bank
D	YES Bank

Explanation:

Detailed explanation-1: -BookMyForex launches interbank rate forex card with zero markup. The BookMyForex co-branded multi-currency card is developed in association with Yes Bank, M2P and is powered by Visa.

Detailed explanation-2: -You can use a forex card just like a credit or debit card to pay for your expenses in a local currency abroad. You can withdraw local cash from an ATM. With a forex card in your wallet, you need not carry wads of cash on your sight-seeing trips in a new country.

Detailed explanation-3: -Can a Forex Card be used for online transactions? You can use it just like your Credit Card for online shopping or to make online payments for flights, hotel rooms, etc. The advantage of using a Forex Card when abroad is that online transactions will not attract additional (cross-currency) charges.

Detailed explanation-4: -The HDFC Bank Multi-currency ForexPlus card is valid for 5 years from the date of card indenting.

There is 1 question to complete.