CURRENT AFFAIRS

2020

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

PhonePe inks partnership with which bank to form a partnership and offer UPI-based digital transactions to its customers?

A	HDFC
B	ICICI
C	SBI
D	BoB

Explanation:

Detailed explanation-1: -This partnership with Axis Bank will ensure greater business continuity for both our customers and merchant partners, making their transaction experience seamless.” “This collaboration with PhonePe strengthens our commitment towards digitisation of the Indian payment ecosystem.

Detailed explanation-2: -April 01, 2021. Mumbai: ICICI Bank and PhonePe today announced their partnership for the issuance of FASTag using UPI on the PhonePe App. This integration allows over 280 million registered PhonePe users to order and track the ICICI Bank FASTag conveniently on the app.

Detailed explanation-3: -PhonePe Private Limited (“PhonePe”) is a TPAP authorized by NPCI to facilitate payments through sponsor PSP Bank(s) namely Yes Bank Ltd. and ICICI Bank Ltd. PhonePe is a service provider in the UPI payment ecosystem and We participate in UPI through the PSP Banks.

Detailed explanation-4: -PhonePe Partnered with Axis Bank on UPI Multi-Bank.

There is 1 question to complete.