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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Digital Economy and GST & Economic Survey - 2017

  • question_answer
          Which bank has become the India's first bank to launch Aadhaar Pay service for merchants?

    A) ICICI Bank                   

    B) HDFC Bank

    C) Axis Bank                     

    D) IDFC Bank

    Correct Answer: D

    Solution :

    IDFC Bank has become the India's first bank to launch the biometric-based digital payment system 'Aadhaar Pay' through its network that will allow even those without mobile phones to do cashless transactions. The Aadhar Pay service is for merchants which will enable them to receive Aadhaar-enabled payments by passing credit and debit cards, pin and password


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