CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Airtel Payments Bank has joined hands with which company, to develop a special type of payment solutions for Indian farmers and small and medium enterprises?
A
Paypal
B
Mastercard
C
Visa
D
Amazon
Explanation: 

Detailed explanation-1: -This one of its kind collaboration will help widen the access to credit and various digital financial offerings from Axis Bank for Airtel’s 340 million customers.

Detailed explanation-2: -Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank. Bharti Airtel launched Airtel Payments Bank in September 2016 and went live with its pilot project in Rajasthan in November 2016.

Detailed explanation-3: -Telecom major Bharti Airtel is planning to enter into a full-fledged lending business by converting its payments bank into a small finance bank (SFB). Bharti Enterprises chairman Sunil Mittal has said that the company might upgrade its payments bank to SFB to attract large depositors.

Detailed explanation-4: -Safepay is essentially a security feature which can be availed by all Airtel Payments Bank Savings Account customers with an Airtel Mobile number linked to the account.

Detailed explanation-5: -Airtel Payments Bank is a differentiated bank that provides essential financial services to its customers.

There is 1 question to complete.