New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Cashfree Payments, the SBI-backed digital payment

    solutions provider, introduced 'KYC Link'.What is the primary purpose of Cashfree Payments' 'KYC Link'?
    A To provide cash back incentives Correct Answer Incorrect Answer
    B Streamline Know Your Customer (KYC) processes for businesses Correct Answer Incorrect Answer
    C Enhance customer support services Correct Answer Incorrect Answer
    D Develop a no-code verification system for social media accounts Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cashfree Payments, the SBI-backed digital payment solutions provider, introduced 'KYC Link'—a no-code verification system designed to streamline Know Your Customer (KYC) processes for businesses. KYC Link facilitates easy verification through SMS, email, or WhatsApp.  According to the company, KYC Link is India’s first no-code verification solution. It eliminates the need for extensive technical expertise, allowing businesses to adopt KYC solutions and accelerate revenue generation from newly onboarded users.   Built and developed in-house, this solution will revolutionize customer experience, reduce user drop-offs and unlock a higher verification completion rate while helping businesses get compliant with applicable regulations at lower cost.

    Practice Next