CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who has announced that it became the 1st RBI licensed PPI to launch cash withdrawal using a RuPay-powered card from any ATMs across the country?

A	ICICI Card
B	OmniCard
C	HDFC Card
D	SBI Card

Explanation:

Detailed explanation-1: -OmniCard has announced that it became the 1st RBI licensed PPI (prepaid payment instrument) to launch cash withdrawal using a RuPay-powered card from any ATMs across the country.

Detailed explanation-2: -Sanjeev Pandey, OmniCard Co-Founder and CEO said that they provide an alternative platform for users to keep their bank account safe where savings are stored from cyber frauds using digital wallets linked with Rupay Card and UPI.

Detailed explanation-3: -Eroute has its registered office situated at Eroute Technologies Private Limited, 8th Floor, Technopolis IT Hub, C 56 A/12, Sector 62, Noida, Uttar Pradesh-201301, India. We have employees and authorized representatives ("Team").

Detailed explanation-4: -Yes, you can use your OmniCard at any ATM to withdraw cash.

Detailed explanation-5: -The Noida-based company was founded by Sanjeev Pandey, former group president of Yes Bank, Abhishek Saxena, an alumnus of IIT-BHU, and Jason Ho, chairman of Taiwan-based Taisys Group. OmniCard, which is issued in physical form with tap-and-pay option included, can be used both offline and online.

There is 1 question to complete.