Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.924)

924. 

In order to eliminate the use of physical card which Payment Systems has joined hands with Mastercard to launch "Cardless ATM powered by Mastercard" in India?

[A]. Paytm
[B]. Paypal
[C]. Empays
[D]. Google Pay

Answer: Option C

Explanation:

In order to eliminate the use of physical card or touch an ATM PIN pad, amid the spread of coronavirus from contaminated surfaces, Empays Payment Systems has joined hands with Mastercard to launch "Cardless ATM powered by Mastercard" in India based on the standards of EMV (Europay, Mastercard, and Visa). With this, India will be the first country outside the United States (US) where this product will be launched. This cardless ATM (automated teller machine) will enable the users to withdraw their money just by scanning a code on the mobile phone, using their banking app.

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