CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The nFiNi credit card facility has been launched by which company for fintechs and banks?
A
SBI
B
NPCI
C
ICICI Bank
D
Punjab National Bank
Explanation: 

Detailed explanation-1: -Financial Benefits HDFC Bank’s Infinia credit card offers the lowest foreign currency markup fee at 2% plus GST on all foreign transactions. The Convenience fee of 1% is waived off on all fuel transaction. The minimum transaction value is Rs. 400 and the maximum waiver offered is Rs.

Detailed explanation-2: -When was AePS launched in India? In November of 2010, AePS was introduced. It is a bank-led platform that enables digital interoperability of financial transactions.

Detailed explanation-3: -On 21 June 2013, NPCI launched RuPay PaySecure that enabled card holders make online payment. Till November 2020, over 1, 158 banks issued 603.6 million RuPay cards. PayPal supports the RuPay card system. Amazon accepts all RuPay debit cards, and some RuPay credit cards issued by select banks.

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