2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has been selected by RBI for the ‘test phase’ of the ‘On Tap’ application facility?
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SBI
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ICICI Bank
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Axis Bank
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HDFC Bank
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Explanation:
Detailed explanation-1: -Q. Which bank was selected by the RBI for the “test phase” of the “On Tap” application facility? Notes: The Reserve Bank of India (RBI) namely HDFC Bank have been selected for the ‘test phase’ of the ‘On Tap’ application facility for the theme ‘Retail Payments’ under regulatory Sandbox.
Detailed explanation-2: -1 HDFC Bank (in partnership with Crunchfish AB1) The product ‘Offline Retail Payments’ provides capability for customer and merchants to be able to pay and receive payments in offline mode.
Detailed explanation-3: -The Reserve Bank of India has announced that HDFC Bank (in partnership with Sweden-based Crunchfish Aktiebolag) and Precision Biometric India Pvt.
There is 1 question to complete.