New How to prepare ESI for NABARD Prelims & Mains- Sources & Strategy
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Question

__________ and Federal Bank will partner with association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider NextGen to promote digital payments by feature phone users.

A Axis Bank Correct Answer Incorrect Answer
B Indian Overseas Bank Correct Answer Incorrect Answer
C IDFC First Bank Correct Answer Incorrect Answer
D Bank of Maharashtra Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

IDFC First and Federal Bank will partner with association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider NextGen to promote digital payments by feature phone users.      NextGen will bring technical solutions like setting up an UPI Auto pay platform for regular EMIs as an auto pay function, riding on the UPI 123Pay service platform with NPCI. Both IDFC First and Federal Bank will be the UPI service and bill payment partners.

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