2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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City Union Bank
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Yes Bank
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Axis Bank
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HDFC Bank
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Detailed explanation-1: -Yes Bank Launches Digital Wallet Solution ‘Yuva Pay’ in Partnership with UDMA Technologies to Enable Contactless Payments.
Detailed explanation-2: -Pragnyat Lalwani, Director, Seshaasai said, “We are honored to be the Technology Solution Partner for this initiative by NPCI & YES BANK.
Detailed explanation-3: -PhonePe’s founder Sameer Nigam was appointed as the CEO of the company. In August 2016, the company partnered with Yes Bank to launch a UPI-based mobile payment app, based on the government-backed UPI platform. Within three months of launch, the app was downloaded by over one crore users.
Detailed explanation-4: -PhonePe works on the Unified Payment Interface (UPI) system and all you need is to feed in your bank account details and create a UPI ID. There is no need to recharge the wallet, because the money will be directly debited from your bank account at the click of a button in a safe and secure manner.