CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has been tied up with fintech Niyo to issue prepaid cards to MSMEs?
A
HDFC Bank
B
ICICI Bank
C
DBS Bank
D
SBI
Explanation: 

Detailed explanation-1: -Mumbai: ICICI Bank, a leading private sector bank in India and Niyo, a new age fintech today announced a tie-up to issue prepaid cards to workers of Micro, Small & Medium Enterprises (MSMEs).

Detailed explanation-2: -Our SBM Niyo Global program provides an international debit card with a savings account in partnership with SBM Bank India, a RBI-regulated Bank.

Detailed explanation-3: -The Savings Bank Account is in partnership with Equitas Small Finance Bank and the Zero Commission Mutual Fund platform is powered by Niyo Money.

Detailed explanation-4: -ICICI Bank has introduced prepaid cards a few years ago with this mind. And it was widely acclaimed for its utility and ease of use. The simpler and quicker paperwork was something that bowled over almost everybody.

Detailed explanation-5: -Banking partners: YES Bank & DCB Bank. Download App. Niyo Bharat App is a digital-first solution to your everyday money management. This multifeature App comes loaded with incredible features with answers to. almost all your financial needs on your fingertips.

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