Which of the following entities has launched India’s first payment bank?

Which of the following entities has launched India’s first payment bank?
[A]Reliance Industries
[B]Airtel M Commerce Services
[C]Vodafone M-Pesa
[D]FINO PayTech

Airtel M Commerce Services
Airtel Payments Bank Limited (or Airtel Bank), a subsidiary of Bharti Airtel Limited has launched India’s first payment bank with 7.25% interest on savings accounts as a pilot basis of its banking services in Rajasthan.Airtel Bank’s services can be accessed by Airtel customers on their mobile phones through the Airtel Money app, through USSD by dialing *400#; or via a simple IVR by dialing 400. Both the USSD & IVR options are available in Hindi and English language and work on simple feature phones as well. The non-Airtel customers can access Airtel Bank’s services by dialing 8800688006.

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This question "Which of the following entities has launched India’s first payment bank?" was published on GKToday on November 25, 2016 at 9:48 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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