Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.86)

86. 

Which Bank rolled out instant payouts for fintechs with Visa Direct?

[A]. RBI
[B]. ABI
[C]. RBL
[D]. PNB

Answer: Option C

Explanation:

India-based private sector lender RBL Bank has launched instant payouts for fintech firms by partnering with payments giant Visa. Under this partnership, the bank will leverage Visa's real-time push payments platform Visa Direct, across the country. Visa Direct facilitates instant, real-time fund settlement through debit and credit cards. It will allow RBL Bank to create technology-led banking solutions catering to the growing needs of merchants and partners. Further, this will enable fintech firms to create digital payment solutions for the end customers.

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