CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has partnered with Visa to offer credit cards to its customers?
A
Yes Bank
B
SBI
C
BoB
D
UBI
Explanation: 

Detailed explanation-1: -The correct answer is Yes Bank. Yes Bank has partnered with Visa to offer credit cards to its customers. The suite consists of nine credit card variants on the Visa platform that service all segments – consumer cards, business cards, and corporate cards across YES First, YES Premia, and YES Prosperity.

Detailed explanation-2: -Many top banks like ICICI Bank, State Bank of India, HSBC Bank, Citi Bank, HDFC Bank, etc., issues MasterCard network.

Detailed explanation-3: -The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards.

There is 1 question to complete.