2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ICICI
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AU Small Finance Bank
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HDFC
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AXIS
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Detailed explanation-1: -Canara Bank to launch soundbox, revamped bank app with 282 features by June, ED says.
Detailed explanation-2: -With an aim to enhance its scope in digital payments, leading small finance bank AU Small Finance Bank (AU SFB) on October 22 announced the launch of a QR Code Sound Box.
Detailed explanation-3: -Soundbox. This enables you to receive real time audio payment confirmations while accepting business payments via QR codes from any UPI enabled app.
Detailed explanation-4: -AU Small Finance Bank claims to be the first bank to have launched such a product. The sound box is a portable speaker that is equipped with a dedicated SIM slot for data connectivity, which gives voice notification.
Detailed explanation-5: -A UPI QR is a payment service that a business can use to receive payments. Customers can scan the business’ QR code with any UPI-enabled app and transfer money when making purchases. UPI QR is a government initiative to ensure the digitization of the payments sector.