Question

    Digital payment service provider PayU has launched a new

    programme Business Payment Solution Provider (BPSP)in collaboration with Visa and _______ for businesses’ digital payments and to support the digitisation of SMBs in particular & offers flexible commercial offerings, which reduce costs for merchants and helps improve cash flow by utilizing credit lines provided by their commercial card issuer bank. 
    A Kotak Mahindra Bank Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C YES Bank Correct Answer Incorrect Answer
    D Axis Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Digital payment service provider PayU has launched a new programme in collaboration with Visa and Yes Bank for businesses’ digital payments and to support the digitisation of SMBs in particular. The programme Business Payment Solution Provider (BPSP) offers flexible commercial offerings, which reduce costs for merchants and helps improve cash flow by utilizing credit lines provided by their commercial card issuer bank. Also, it allows businesses to pay their vendors digitally, by supporting them to accept commercial card payments and automates supplier and buyer reconciliation.

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