CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In association with which bank Aceware has launched AceMoney Micro ATM service?
A
IDBI Bank
B
DBS Bank
C
ICICI Bank
D
AXIX Bank
Explanation: 

Detailed explanation-1: -Aceware Fintech Services Pvt Ltd is a Fintech start-up operating in the space of Banking and Financial Services offering a spectrum Neo Banking and Digital financial solutions under API plugins and recognition from NPCI, BPPS and Banking Correspondent licence from ICICI Bank and Yes Bank.

Detailed explanation-2: -Mumbai: Airtel Payments Bank on Wednesday launched micro ATMs, a step towards better facilitating convenient cash withdrawals for debit card users residing beyond the metro and tier 1 cities in India.

Detailed explanation-3: -India’s largest private sector bank, ICICI launched the “ATM on Wheels” country first Mobile ATM, in Mumbai. It was connected to the bank through the GPRS technology.

Detailed explanation-4: -Kotak Mahindra Bank Ltd (KMBL) has announced the launch of Micro ATMs across the country.

Detailed explanation-5: -What is Micro ATM? Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility.

There is 1 question to complete.