Question: Who amongst the following banks has recently announced the launch of RuPay-powered digital debit card?
(a) State Bank of India
(b) ICICI Bank
(c) Paytm Payment Bank
(d) Airtel Payment Bank
Answer: (c)
Related Facts:
- On September 12th, 2017, announcing of the RuPay-powered digital debit card was made by Paytm Payment Bank, an Indian electronic paymentand e–commerce platform.
- This debit card offers a free insurance cover of up to Rs 2 lakh in the case of death or permanent total disability.
- Paytm Payment Bank has made partnership with National Payments Corporation of India Limited (NPCI) to launch debit cards.
- This card will be available only to those customers whose KYC will be completed.
- This card will be completely digital.
- Customers will be able to make online payments through this card.
- Through this, all those merchants will get the facility like Paytm wallet on this card and through PPB digital debit card, payment can be made online at all places where debit cards and credit cards are accepted.
Reference:
https://paytm.com/offer/blog/press-release/paytm-payments-bank-partners-with-npci-for-rupay-digital-card/
http://telecom.economictimes.indiatimes.com/news/paytm-payments-bank-partners-with-npci-for-rupay-digital-card/60472376