CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the super app launched by Union Bank of India, similar to SBI’s Yono or HDFC Bank’s PayZapp?
A
UnionMPay
B
UnionConnect
C
UnionGo
D
UnionNXT
Explanation: 

Detailed explanation-1: -Union Bank of India has launched its super-app named UnionNXT and digital transformation project SMBHAV.

Detailed explanation-2: -Union Vyom App, the super app of the Bank, is a one stop solution for all financial products. The Vyom app is empowered to deliver a unique experience of banking to the customers where customer can do transactions beyond traditional banking.

Detailed explanation-3: -Abhishek Mishra. Explanation: Union Bank of India has launched UnionNXT and Digital Transformation Project SAMBHAV with an investment outlay of around Rs 1,000 crore for the current financial year 2022-23.

Detailed explanation-4: -The state-owned bank is planning to position YONO as a super app for an entire range of financial services.

Detailed explanation-5: -Put simply, a financial super-app is an ecosystem of features and services that are personalised around the user’s needs. The foundational piece to this puzzle is user experience and interconnectedness. Enabling the user to access all available features easily and efficiently.

There is 1 question to complete.