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Today General Knowledge(GK)
Which Bank has introduced (11th April 2023) an EMI facility for UPI payments made by scanning a QR code?
A)
Yes Bank
B)
ICICI Bank
C)
HDFC Bank
D)
Citibank

Correct Answer : Option (B) - ICICI Bank



The ICICI Bank on Tuesday (11th April 2023) announced that it has introduced an EMI facility for UPI payments made by scanning a QR code.

* The private sector lender said that customers, who are eligible for the PayLater facility, can avail of the EMI facility using the Bank’s ‘buy now, pay later’ option.

* The bank in a press release stated, “This first-of-its-kind facility enhances affordability of lakhs of the Bank’s customers as they can now instantly buy products or services just by scanning the required merchant QR code at a store and making payments in EMIs.”

* The EMI facility for UPI payments can be availed across a host of categories such as electronics, groceries, fashion apparel, travel, and hotel bookings, the private bank said.

* Through this facility, ICICI Bank customers can pay transaction amounts above Rs 10,000 in easy installments in three, six, or nine months. The bank stated that the new facility will be extended shortly for online shopping as well..

Source : Indian Express

Published On : April 12, 2023
Category : Banking
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