Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 139)

2024-04-06 Banking

139.

Which company collaborated with J&K Bank to introduce the Virtual ATM (VATM) facility?

Fino Payments

PhonePe

Paymart India

Airtel Payments

Answer: Option

Explanation:

J&K Bank partnered with Paymart India Pvt Ltd to launch the Virtual ATM (VATM) facility, revolutionizing banking by enabling cardless cash withdrawals through local retailers, and enhancing accessibility and convenience for customers, especially in areas like Jammu & Kashmir and Ladakh.