New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    _______  fintech payments and banking platform for

    businesses, will join the Open Network for Digital Commerce (ONDC), as an alternative for internet shopping    becoming the first payment gateway to launch a Payment Reconciliation Service for Network Participants (NPs) like buyers, sellers, and logistic partners on ONDC. 
    A Paytm Correct Answer Incorrect Answer
    B GPay Correct Answer Incorrect Answer
    C Razorpay Correct Answer Incorrect Answer
    D Cred Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Razorpay, a fintech payments and banking platform for businesses, will join the Open Network for Digital Commerce (ONDC), as an alternative for internet shopping.     With this, the Tiger Global-backed firm has become the first payment gateway to launch a Payment Reconciliation Service for Network Participants (NPs) like buyers, sellers, and logistic partners on ONDC.    This will provide them with an integrated single view of all their transactions. It will further help NPs on ONDC by timely routing settlement information for a given transaction and assisting them with settling funds.

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