CURRENT AFFAIRS

Detailed explanation-1: -RBL Bank, Amazon Pay and Amazon Web Services (AWS) have announced a collaboration to offer UPI payments. The Bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions.

Detailed explanation-2: -Private sector lender RBL Bank has tied up with Amazon Web Services (AWS)to offer UPI payments. “The bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions,” it said in a statement on Friday.

Detailed explanation-3: -Note: Currently, you can pay with Amazon Pay UPI ID only on Amazon.in app and other third party apps/websites that support UPI. You cannot pay with it on Amazon mobile browser and Amazon desktop browser. The transaction limit is up to INR 1,00,000, which may vary from bank to bank.

Detailed explanation-4: -The correct answer is RBL Bank. RBL Bank has chosen Amazon Web Services (AWS), the cloud computing arm of Amazon.com to strengthen its artificial intelligence (AI)-based banking solutions and drive digital transformation at the bank.