2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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Indonesia
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Iran
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Iraq
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Detailed explanation-1: -Visa, the global card transaction company, has launched a new feature in India that allows users to make online payments without the need for a CVV number. The feature applies to tokenised credit and debit cards and is only available for domestic transactions in India.
Detailed explanation-2: -Credit cards in India The Central Bank of India launched the first bank credit card in 1980, which was followed by Andhra Bank in the same year – both were of the Visa brand. MasterCard was introduced to Indian consumers by Vijaya Bank in 1988.
Detailed explanation-3: -If you are having an internationally enabled credit card, you are not allowed to make certain payments under RBI regulations, i.e. FEMA or Foreign Exchange Management Act, 1999. As a result, this has created a great impact on the operations of international and domestic websites.