CURRENT AFFAIRS

2021

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

Which bank and Paytm have partnered to construct comprehensive options throughout payment gateway, the factor of sale machines and credit products?

A	HDFC
B	SBI
C	AXIS Bank
D	PNB

Explanation:

Detailed explanation-1: -HDFC Bank and Paytm have partnered to build comprehensive solutions across payment gateway, point of sale machines and credit products.

Detailed explanation-2: -Paytm Payment Gateway has led the payments innovation journey in India by being the first payment gateway offering UPI AutoPay to its users. It has added the support of UPI to its subscription offering.

Detailed explanation-3: -Paytm Partners with Piramal Finance to Offer Loans to Merchants and Small Businesses of India.

Detailed explanation-4: -Paytm Partners with Jana Small Finance Bank for Deployment of Card Devices, Aims to Further Drive Digitisation Among Merchants.

Detailed explanation-5: -Paytm has a reach of over 330 million consumers and 21 million merchants, while HDFC Bank has over 5 million debit, credit and prepaid cards, and serves 2 million merchants through its offerings.

There is 1 question to complete.