Question: AGS Transact Technologies (AGSTTL) has recently (February, 2021) partnered with Mastercard to provide apan-India‘contactless’QRcode-based cash withdrawal at ATMs. QRcode is a type of matrix barcode first designed in 1994 for the automotive industry in—-
(a)Germany
(b)France
(c)USA
(d)Japan
Answer- d
Related facts
- AGS Transact Technologies (AGSTTL) has recently (February, 2021) partnered with Mastercard to provide apan-India‘contactless’ QRcode – based cash withdrawal at ATMs.
- Under this partnership Mastercard cardholders will be able to withdraw cash by scanning a QR code displayed on the ATM screen of all participating banks using their banking app on the mobile phone.
- AGSTTL will enable ‘contactless’ QR-based cash withdrawals on all ATMs in its network in a phase-wise manner.
AGSTTL
it provides end-to-end cash and digital payment solutions and automation technology.
QR code
A QR code is a type of matrix barcode first designed in 1994 for the automotive industry in Japan.
QR stands for “Quick Response.”
By — Pankaj Pandey.