New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    Which company has introduced a new initiative that

    enables consumers to invest in mutual funds using the company’s debit cards in partnership with Razorpay ?
    A Mastercard Correct Answer Incorrect Answer
    B Visa Correct Answer Incorrect Answer
    C American Express Correct Answer Incorrect Answer
    D Capital One Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Visa, has introduced a new initiative that enables consumers to invest in mutual funds using their Visa debit cards.    Launched in partnership with Razorpay, the service is now available to customers of Federal Bank and ICICI Bank.    By using their Visa debit card for investing in mutual funds, consumers can now set and modify their own transaction limits. Also, customers can see all their SIPs linked to their debit card alongside other recurring payments, by logging into their bank’s subscription management portals.

    Practice Next

    Relevant for Exams: