Question

Recently in the month of Dec 2020 “iMobile Pay app”

Q: Answer-Recently in the month of Dec 2020 “iMobile Pay app” was launched by ICICI Bank which will help in st...

ICICI Bank has launched the iMobile Pay app, which offers payments and banking services for all. This app will not be limited to ICICI Bank customers only, and customers of any bank can use this app.

was launched by ICICI Bank which will help in strengthening financial ecosystem of the country. Which of the following is NOT correct regarding the features of this app?

A offers facilities of a payment app

B Enable users to automatically see the UPI IDs of their phone book contacts, registered on the ICICI Bank UPI ID network, of any payment app, and digital wallet.

C It can be used only by the customers of ICICI Bank

D Offers instant banking services namely savings account, investments, loans, credit cards, gift cards, travel cards and much more

E B and C

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RBI Grade B

Recently in the month of Dec 2020 “iMobile Pay app”

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