CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has launched EASY PAY integrated Debit Card facility in a Fitness Watch?
A
Indian Overseas Bank
B
Bank of Baroda
C
City Union Bank
D
Karur Vysya Bank
Explanation: 

Detailed explanation-1: -City Union Bank (CUB), in association with fitness technology company GOQii and powered by the National Payments Corporation of India (NPCI), has introduced the CUB fitness watch debit card, a wearable payment solution.

Detailed explanation-2: -City Union Bank launches Easy Pay contactless debit card in a Key Chain and Fitness Watch. In its press release on Monday, City Union Bank Ltd. announced the launch of “On the Go Payment Solution through Debit card in a Fitness Watch.

Detailed explanation-3: -City Union Bank, the oldest Private Sector Bank in India, in association with smart-tech-enabled preventive healthcare platform GOQii and powered by National Payments Corporation of India (NPCI), has launched a wearable payment solution called CUB fitness watch debit card.

Detailed explanation-4: -Customers need to hold this wristwatch in front of the PoS device during payment like tapping the card on PoS. For payments above ₹5000, customers need to tap and enter their PIN. The statement said that payments made using this debit card in a fitness watch are safe and secure.

Detailed explanation-5: -CUBFit Watch Debit card Now transact easily by just “Tap and Pay” on any Rupay contactless POS machines. Customers can hold the CUBFit watch near a PoS device to make payments similar to tapping the card on PoS for payments upto Rs 5,000. (For payments above Rs.

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