CURRENT AFFAIRS

Detailed explanation-1: -ICICI Bank on Thursday announced that it has partnered with digital EMI/pay-later platform ZestMoney, to expand its ‘Cardless EMI’ facility for purchases on retail and e-commerce platforms.

Detailed explanation-2: -Answer: Option A Explanation: ICICI Bank has partnered with ZestMoney, a leading digital EMI/ pay-later platform, to expand its ‘Cardless EMI’ facility for purchases at retail and e-commerce platforms.

Detailed explanation-3: -The facility, in partnership with ZestMoney, is live on select e-commerce websites and will soon be available at retail stores.

Detailed explanation-4: -Called ‘ICICI Bank Cardless EMI’ (Equated Monthly Instalments), the facility enables lakhs of its pre-approved customers to buy their favourite gadgets or home appliances just by using their mobile phone and PAN in lieu of wallet or cards.

Detailed explanation-5: -Using Razorpay, you can let your customers use Cardless EMI as a payment method to convert their payment amount to EMIs without a debit or credit card. Customers enjoy the benefits of the EMI as the payments are made using credits approved by the supported Cardless EMI Payment Partners.